How Co-Ownership Works

1. Co-Own: This scheme allows you to buy a share of a property (between 50% and 90%) while Co-Ownership buys the remaining share, You pay a mortgage on your share and rent on Co-Ownership’s share. Over time, you can buy more shares until you own the property outright.

2. Co-Own for Over 55s: Specifically designed for individuals over 55, this scheme helps those who want to move to a new home but can’t afford to do so. You use the equity from your current home or savings to buy a share, and Co-Ownership buys the rest.

How do the costs compare?

Benefits of Co-Ownership

• Affordability: Reduces the amount needed for a deposit and the size of the mortgage required.
• Flexibility: Allows you to increase your ownership share over time as your financial situation changes.
• Support: Provides a structured pathway to homeownership with support from Co-Ownership.

Depending on personal circumstances, you could buy a home with Co-Ownership up to the value of £195,000.

It is really important to make sure that both you and the home you're after are suitable for Co-Own. Take the time to read through the criteria carefully before you apply.