Make A Home Purchase With Friends Or Family
Methods for purchasing property are constantly evolving.
There is no one way to buy a home and this is why more people are opting to purchase a property with friends or family members.
In the past, property was a milestone reserved for committed couples, whereas now with people delaying marriage or opting out of it entirely - it has changed the way people choose to get onto the property ladder.
This purchase is known as tenants in common agreement. It means that two or more people can buy a share in a house either in equal or unequal portions.
For those of you who want to get a piece of the property pie but do not know how to do it - this sort of option could work well for you.
Consider talking to a mortgage broker about the various home loans on the market tailored for this sort of purchase.
A broker can run through the ins and outs of buying a property and can let you know what your obligations will be in terms of mortgage payments and maintenance costs.
To get more detailed information about your situation, talk to a Loan Market mortgage broker today.