The boyfriend and I have recently decided to do a very grown-up thing and buy a place together (well, to be honest, it was my idea and he hasn't disagreed with it!) We're in the very early stages of sorting out whether or not we can actually afford to do this or not, but the idea of owning our own place is very appealing and quite exciting. I just feel that at our ages (30 and 29) and after over five years of paying off other people's mortgages off with our rent, the time is right. As a teacher, I've got the opportunity of getting help from a 'key worker' housing scheme, but even at this early stage, it hasn't all been plain sailing so far.
One of the options open to me as a teacher is to have a shared ownership of a property (my friend Miss S went successfully bought her own place through this scheme last year). The problem with this is that the places on offer to us are in places we'd really hate to live, so we're going for the new 'open market' option. This means that you can apply to the housing associaton for a substantial loan in conjunction with a mortgage and choose the area and home you'd like to live in. I filled the initial application in over half term, just to get an idea of how much money we'd be entitled to, but was disappointed to receive an email a couple of days later saying my application had been declined. I was a bit annoyed and confused about this as I know I fulfill all the criteria for the scheme, but when I questioned this decision, I was told that my application had actually been passed onto a different housing association because I want to live in one area (Greater London) and work in a different one (Surrey), which is covered by a different scheme (not exactly the same as rejecting it!)
Anyway, somewhat unsurprisingly, this week I got my forms returned from the new association and had to start the whole process all over again! The good news is that they have now confirmed that I do fulfill the criteria for the scheme and are just waiting on confirmation from my school that I do actually work there and am who I say I am (however, if any paperwork happens to land on the Head's desk, it might be Christmas before he gets round to filling in the forms!) Well, we're not holding our breath because we're not in any particular hurry to move, but we'll see how it goes. Big sis is looking at a similar scheme, but as her landlord is selling her flat in July (which she desperately wants to buy from him), she's in a bit more of a hurry to get things sorted! Will keep you updated... : )
Recent Comments