22 Ashwood Lurgan , BT66 8PF

Additional Information

The details contained in this property guide, including photographs and measurements, were prepared by martin anderson property & mortgages, in accordance with instructions and information supplied by the vendor, and do not constitute an offer or contract of sale. Prospective purchasers should satisfy themselves by inspection or otherwise as to their correctness. We have not tested the central heating system, appliances, services or fittings, nor have we carried out any survey

CO-OWNERSHIP ANNOUNCEMENT 2nd November 2012

2,500 affordable homes to be bought through Co-Ownership thanks to new £50m financing deal
Co-Ownership Housing's £50m financing secured with Bank of Ireland and Barclays represents the largest single funding arrangement for a housing association in Northern Ireland to date.

The 2,500 affordable homes to come through this new 4-year deal will mean reaching the 25,000 mark for the number of Co-Ownership homes provided since the scheme was set up in 1978 to help people struggling to get on the property ladder.

Alan Crowe, Co-Ownership Housing's Chief Executive, sets the scene:

"In 2009 we secured a 3-year financing deal with Bank of Ireland and Barclays for £48m to deliver 1,500 affordable homes for government. We met our target, providing 1,548 homes in total worth £185m. That work was hugely valuable in supporting our economy and therefore local jobs. This new funding arrangement enables Co-Ownership Housing to play a further significant role in the affordable housing market going forward. During 2012 so far Co-Ownership homes have accounted for 6% of residential house sales in NI, and 19% of new build sales. "

"It's possible thanks to the government grant injection last year of £100m over a 4 year period" explains Alan. "We project that we can help at least 700 households to buy a home this year and maintain a much needed strong, stable, presence in the local market over the full 4 year period while it moves towards recovery".

Property Purchase Projections
Year Homes
2012/13 700
2013/14 700
2014/15 700
2015/16 450