Co Ownership Advice needed

seamyferry203

HI

I am am looking to buy a property in the region of 800000. The bank and co ownership said they would both be able to lend me the 40000 50/50 split based on my circumstances.

My question is that I am only temporary in my work and am going back to school although i know i can still keep up with repayments during this time.

I have 6 months payslips that i can give co ownership but theres a section on the forum for the employer to fill out.

I know this is not very legal but if i filled out the employer section myself would co ownership contact my employer themselves.

ballyblack

they would both be able to lend me the 40000 50/50 split based on my circumstances.

So how is composing false information going to help your application.

More than likely they will check

DONT!

BigAl94

Also have a read here re pitfalls of co ownership.

https://www.theguardian.com/housing-network/2013/sep/03/hidden-dangers-shared-ownership

Not a NI case but I believe the principle is the same.

seamyferry203

Thanks folks,

Think I will have to put it off a year and private rent just for a while.

qwert_yuiop

seamyferry203 wrote: »

HI

I am am looking to buy a property in the region of 800000. The bank and co ownership said they would both be able to lend me the 40000 50/50 split based on my circumstances.

My question is that I am only temporary in my work and am going back to school although i know i can still keep up with repayments during this time.

I have 6 months payslips that i can give co ownership but theres a section on the forum for the employer to fill out.

I know this is not very legal but if i filled out the employer section myself would co ownership contact my employer themselves.

Is that eighty thousand or eight hundred thousand - it's not clear ? This is, however, clearly fraud.

Zola.

Not a good idea

Ticked

Keep it legal and sleep well.

missydresie

Hey
U should think twice about it.
missydress.ie

Tansy_1980

Maybe have a look at OwnCo instead - three year's tenancy in a new build property then an option to purchase either outright of using co-ownership at the end of the term. You get a 25% rebate on the rent you've paid at the end of the three years. More info here: http://www.housingadviceni.org/rent-buy

Coolhandluke

800000 on Co Ownership :rotfl: nice one and best of luck :beer:

Fifimccree

Hi everyone.. needing some advice

I am keen to apply for co ownership but I've just read "need to be employed for 6 months by same employer"

I just got a new job and had planned to apply once I received my 3rd payslip.. does anyone know if this is acceptable?? Or are they really strict about same employer?

Thanks!