Your interest-only mortgage is ending
The balance is still owing and a standard remortgage isn't available. You need a way forward that allows you to still own a home, and not take on a debt you can't service.
Over 55s
Co-Own for Over 55s
If your interest-only mortgage is coming to an end, your home no longer suits your needs, or you've found somewhere that better fits your life, Co-Ownership could help you move forward in ways you didn't realise were possible.
People come to us at different stages
Your current home no longer fits your life
It's too big, too expensive to run, or simply not right anymore. You want to move somewhere more manageable, but the finances don't seem to stack up.
You've found somewhere more suitable
A home closer to friends, family, or better suited to how you live now. The problem isn't finding the right place. It's making the purchase possible.
Here's how it works
See what your monthly costs could be
Every situation is different - the share you buy, the property value, and your level of savings (if any), all affect the numbers. Our affordability calculator lets you input your own figures and get an idea of whether its a possibility, before you even speak to us.
Over 55s explainer video
Sometimes it's easier to watch than read. This short video walks you through how our Co-Own for Over 55s product works and what applying looks like, start to finish.
Not sure if you'd qualify? Most people are surprised.
Co-Ownership isn't just for first-time buyers or younger people starting out. If you're aged 55 and over, need to move, and have some equity or savings, you could be eligible. Here's what we look at:
- The property you're buying must be in Northern Ireland.
- Your monthly income (which can be your pension) needs to comfortably cover your costs, including the rent on our share.
- You'll need enough equity or savings to purchase your share of the property.
Our eligibility checker takes a few minutes and tells you straight away whether Co-Ownership could work for you. There's no commitment involved, and it won't affect your credit score.
"We’re now in a home that suits our needs and reduces our costs."
During a recent cold winter, Denis and his wife found themselves at a turning point. They were living in a five‑bedroom house, on an interest‑only mortgage, dealing with rising electricity and gas bills. After discovering Co-Ownership, he realised this was their chance to move to a home that better suited them, and they'd still have savings leftover to redecorate and make it theirs.
Your questions, answered
Need more time to consider your options?
That's completely fine. Many people speak to us before they're sure about applying. Our team are happy to have those early conversations - the ones where you're just figuring out whether this could work for you.
There's no obligation; just a friendly conversation without pressure to proceed.
