Shared ownership possible problem with application

florita

I have researched shared ownership, and although I've seen the problems people have had with it, I'd still be interested in applying for it. I am a single parent, with a permanent full-time job and feel its the best option for me. But on the application form it asks you to state medical treatment received in the past 3 years. I have received treatment, but have never had a day sick from work with the condition.I'm in the process of getting letters from consultant to support my application. Has anyone been refused Shared Ownership on this basis? May I be refused out right, or could I have the option for a more comprehensive insurance/income protection, or do you think they would even request that? I am no longer on medication and condition is no longer affecting me, but I still have to declare it.

Victor

While the income protection insurance may be more expensive, there are other factors to consider.

As it is a pre-existing illness (assuming its recurring), they may not cover that illness at all. If you are out of work because of it, they might not may out.

The council may look at it more benevolently than the bank / insurer.

florita

Thanks for that Victor. I'll wait til I receive letters from consultant before applying as I think that might help. Fingers crossed!

florita

Just wondering, has anyone been approved for shared ownership lately? If so,how long did the process take?