Unlocking Your Path to Home Ownership

Co-Ownership with Hagan Homes

For many aspiring homeowners in Northern Ireland, getting on the property ladder can feel like an uphill struggle, particularly with deposit requirements and high house prices. Thankfully, there’s a flexible and affordable solution that’s helping people step confidently into home ownership: Co-Ownership.

At Hagan Homes, we’re proud to offer select homes at Foxleigh Meadows and Carncormick Meadow that are eligible for this shared equity scheme, making the dream of owning your own home more achievable than ever.

What Is Co-Ownership?

Co-Ownership is a shared ownership scheme unique to Northern Ireland. It lets you buy a share of a property (usually between 50% and 90%) and pay a reduced rent on the remainder owned by a not-for-profit housing association. This shared approach significantly reduces the upfront costs and ongoing mortgage payments compared with buying a home outright.

You can choose to increase your share over time in increments as your financial situation improves, a process known as staircasing, until you own the property outright.

Why Co-Ownership Makes Sense

Here’s how Co-Ownership helps first-time buyers and those without access to traditional routes into home ownership:

Improved Affordability

Instead of needing a mortgage for 100% of a home’s value, you only need a mortgage for the share you’re buying. This often means needing a smaller deposit and lower monthly payments.

Flexible Ownership

Buy as much of the home as you can afford now and increase your share later, you control the pace.

A Path to Full Ownership

With staircasing, you’re not locked in. You can eventually own 100% of your home when you’re ready.

Support Through the Process

The Co-Ownership scheme includes guidance throughout the buying process, from financial assessments to legal steps, helping first-time buyers navigate home purchasing with confidence.

Eligible Hagan Homes

Situated near the thriving town of Ballymoney, Foxleigh Meadows combines modern design with scenic living. Homes here are thoughtfully crafted for comfort, energy efficiency and everyday practicality, making them ideal candidates for Co-Ownership.

Located in Cargan, Carncormick Meadow offers stylish new homes surrounded by the beauty of County Antrim. With quality finishes and sustainable features like integrated solar panels, these homes are built for modern living, and designed to meet the criteria for Co-Ownership eligibility.

Both developments fall within current Co-Ownership property price limits and meet the necessary quality and warranty standards for inclusion in the scheme.

Who Can Apply?

• To apply for Co-Ownership, you’ll need to demonstrate:
• You cannot afford to buy 100% of a home without assistance.
• You don’t currently own any property or land.
• You can afford the mortgage and associated payments for your share.
• You intend to live in the home as your main residence.

Co-Ownership is commonly used by first-time buyers, but returning homeowners who no longer own a property can also qualify. 

Start Your Co-Ownership Journey

Shared ownership is more than just a stepping stone, it’s a practical, supportive route to owning a home in Northern Ireland. With Hagan Homes’ Foxleigh Meadows and Carncormick Meadow now eligible for Co-Ownership, more people have access to quality new homes without the full financial burden upfront.