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  1. #31
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    Now there is one loophole with this.
    You can have owned an investment property that you never lived in and still get the fhog when you purchase your first principle place of residency. So if you want to buy an investment property first you can, however, you still can't get the fhog for it because its an investment. Basically you will only ever get the fhog once for both of you.
    Most people get this confused, but you can, I went through this for a friend a while ago.

  2. #32
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    Default Rent or buy

    That's different to applying with one partner on the title and then moving out when the 6 months is up and applying again in the other partners name.

    You can't get two lots of FHOG.

  3. #33
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    Default Rent or buy

    Quote Originally Posted by CocktailBubba View Post
    I thought I'd also add that we came across many, many brokers who would get us a mortgage - by doing up false payslips for me and what not - for a under the table fee of 1-1.5% of the loan amount. We just by luck came across a really nice lady who just did it the way I explained above.
    Really?! That's quite amazing, they are risking their jobs, not to mention criminal charges. I can't believe so many would willingly do that.

    On another note, can you forward me some contact details, I'm having trouble myself

  4. #34
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    Default Rent or buy

    We just brought a few months ago.
    DD is 3 and I have been a SAHM the whole time. We didn't have any troubles getting the loan on one income. Just be aware that you will need a good deposit.

  5. #35
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    Quote Originally Posted by Pesca77 View Post
    Really?! That's quite amazing, they are risking their jobs, not to mention criminal charges. I can't believe so many would willingly do that.

    On another note, can you forward me some contact details, I'm having trouble myself
    ]
    I have never heard of a bank getting criminal charges laid on someone for a false application form! lol Like does anyone tell the truth on their applications forms? I don't think banks care to be honest, I have never given all my debts for example and when we bought our new place we left alot of stuff out.
    Just tell the broker what you want them to know

  6. #36
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    Default Rent or buy

    You've not heard of Storm Financial?

  7. The Following 2 Users Say Thank You to NancyBlackett For This Useful Post:

    LoveLivesHere  (05-12-2013),Pina Colada  (04-01-2013)

  8. #37
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    Default Rent or buy

    Surely a broker could face charges for deliberately falsifying financial documents provided to a bank??

  9. #38
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    Default Rent or buy

    Thanks isabellabean and water lily..saving a kick *** deposit and getting the loan on 1 or 1.2/1.5 income seems to be a safe thing to do.

  10. #39
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    Default Rent or buy

    We purchased our house when our kids were 3 & 1 ! We saved 10k in 6 months living at parents!

  11. #40
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    Default Rent or buy

    Quote Originally Posted by Pesca77 View Post
    Surely a broker could face charges for deliberately falsifying financial documents provided to a bank??
    Of course they could. At the very least they will be struck off.

    As for people who falsify their own information then on their head be it, I guess.


 
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