If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

First time buyer - shared ownership??

El Chucko · 2009-01-07 21:51:58

I've been renting in the same area for more than 5 years and am thinking about biting the bullet and buying. I'm single with little savings so the shared ownership scheme looks very plausible. I currently earn around €33k and work in the Public Service so job security shouldn't be an issue but any mortgage through a bank…

Options

07-01-2009 10:51pm

#1

El Chucko

Registered Users Posts: 36 ✭

Join Date: January 2009

Posts: 33

I've been renting in the same area for more than 5 years and am thinking about biting the bullet and buying. I'm single with little savings so the shared ownership scheme looks very plausible.

I currently earn around €33k and work in the Public Service so job security shouldn't be an issue but any mortgage through a bank might amount to only €150k. Would my situation be enough to 'explain my need' for the shared ownership scheme, as asked on the application form?

I'd be interested to know if anybody found/finds themselves in the same boat

0