HOMEOWN

At Homeown, we believe everyone deserves a fair shot at owning their home. That’s why we’ve created a transparent, sustainable way to break free from the rental cycle and build real equity.

Story

Use Homeown to break free from high rent and secure a home of your own. Here’s exactly how it works, through Aoife and Conor’s story.

Why Homeown Exists

Aoife and Conor live in Dublin with their two children. Four years ago, they paid €2,000 in rent. Since then, it has crept up to €2,600 for the same home.Their household income is €100,000 a year, enough to afford a mortgage if they could just get a deposit together. But high rent leaves them with only €200 left to save each month. At that pace, it would take them over 16 years to save €40,000 for a 10% first-time-buyers deposit, and by then house prices will have moved again.Right now, Aoife and Conor spend €2,600 on rent plus €200 savings, but still feel like they’re standing still.

How Homeown changes that

Instead of losing years paying rent and getting nowhere, they use Homeown to take control now. They choose a home worth €400,000, four times their household income. Homeown checks the price, the condition, the finances, and buys it for them.Aoife and Conor move in straight away. Instead of paying rent plus trying to save extra, they pay their Domiter, one single payment of €2,751.41 per month, slightly less than they pay now for rent and savings combined.Each month:
- About 60% (€1,666.67) covers Homeown’s cost of financing their home.
- About 25% (€677.97) builds up equity in the house for Aoife and Conor.
- About 15% (€406.78) covers Homeown’s service and the work to keep everything secure and compliant.Their final purchase price stays fixed at €400,000, no matter what happens to the market. By the end of just under five years, they have built up €40,000 in equity through their monthly domiter payments. That gives them what they need to get a mortgage and buy the home for the same price Homeown paid.Without Homeown, Aoife and Conor would stay stuck. With Homeown, they live in the home they want now, build equity while they live there, and become owners with a clear plan, fair cost, and no surprises.

Steps

Choose Your Home

Like Aoife and Conor, you choose the home you actually want, not what’s left over on a list. We help make sure it’s good value, in good condition, and fits your budget long-term. We handle legal checks, due diligence and all the financial legwork so you know exactly what you are signing up for.

Homeown Buys It

If the home is approved, we buy it outright. You do not need a deposit up front. We use our own funding, not your savings or a mortgage in your name. There is no debt for you yet. You just focus on settling into your new home.

You Move In

You move in and pay your domiter each month, just like Aoife and Conor do. Your domiter is not rent. It’s a single payment that does three things:- It secures your right to live in the home while you build towards ownership.
- It builds real equity that counts towards your future deposit.
- It pays for Homeown’s service, support and all the management needed to keep your pathway secure and compliant.Your domiter replaces your rent and savings plan in one clear payment. You can see exactly where every cent goes, with regular statements showing how your equity is growing.

Your Price Is Locked In

The day Homeown buys your home, your final purchase price is fixed. No matter how high house prices rise, you will never pay more than that agreed price when you are ready to buy. This gives you certainty and control.

Ready To Buy

Your domiter term usually runs for about five years. During that time you build up your deposit and strengthen your mortgage profile.When you reach the end, we help you get mortgage-ready. We guide you through what lenders need to see, help you prepare your paperwork and support you through the application.When your mortgage is approved, you complete the deferred purchase agreement from Homeown at the original price. The equity you have built up through your domiter reduces what you need to borrow to within the first-time-buyer threshold.You become the legal owner of your home, at the price you agreed at the start, without the stress of trying to save while paying high (dead) rent for years.

Contact

If you think Homeown could work for you, the next step is simple. Join us, and take your first step towards securing your future, your home, and your peace of mind.

Thank you

We’ve received your message and are delighted you’ve reached out. The Homeown team will be in touch shortly to guide you on your journey towards owning your home. In the meantime, feel free to explore more about how our model works, your future starts here.