Buying a property with a family member or friend
Guest Blog – Tina Howes – SmartMove In more recent years, as property has become more expensive, buying a property with another party other than your partner or spouse has become more common as a way of pooling deposits and getting in to the market sooner but doing so is not without its complexities or potential downfalls. I have summarised the key points to be aware of before entering into this type of arrangement. Loan application Both purchasers will be assessed for their ability to afford the loan jointly. If you are both on the title on the property, you …
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