The Ultimate First-Time Buyer Guide Northern Ireland

Master the Northern Ireland property market with our ultimate 2026 guide. From securing Co-Ownership to navigating Stamp Duty relief on homes up to £300,000, we simplify every step. Discover how affordable local house prices and expert mortgage advice can turn your dream of homeownership into a reality today.

Navigating the Northern Ireland housing market in 2026 remains one of the most affordable ways to step onto the property ladder in the UK. With average house prices currently sitting around £221,233 and hitting up to £238,708 in high-demand areas, local buyers have a distinct advantage.

Know your 2026 Buying power

Before browsing PropertyPal or PropertyNews, you must secure a Mortgage Agreement in Principle (AIP). Most lenders require a 5% deposit. However in 2026, the Freedom to Buy scheme has become a permanent fixture, helping more buyers access 95% mortgages.

Local support schemes

If a full mortgage is out of reach, Northern Ireland offers unique initiatives:

  • Co-Ownership NI: Buy a share (50%–90%) of a home valued up to £210,000 and pay rent on the rest.
  • Rent to Own: Rent a new-build for up to three years and receive a 20% rent refund to use as your deposit.
  • Lifetime ISA (LISA): Save up to £4,000 annually and receive a 25% government bonus (up to £1,000/year) toward your first home.

Budget for updated 2026 costs

Following changes on 1 April 2025, Stamp Duty thresholds have shifted. 

  • 0% Tax: For first-time buyers on homes up to £300,000.
  • 5% Tax: Only on the portion between £300,001 and £500,000.
  • Other Fees: Set aside £1,500–£2,000 for conveyancing solicitors, RICS surveys, and local rates.

From getting “Sale Agreed” to completion, the process typically takes 3–4 months. Start by checking your credit score and ends with your solicitor registering your title with the Land Registry.

Secure an agreement in principle with a local Mortgage Advisor

← Back

Thank you for your response. ✨

Unknown's avatar

Author: Best Mortgage Brokers

Best Mortgage Services have Independent Mortgage Advisers throughout Northern Ireland. From Belfast, Newry, Armagh to Banbridge. Talk to a local Mortgage Advisor for the best mortgage and insurance solutions.