New overtures to buying problems
Sharing
House purchase often seems so far out of reach.
But ... there are ways to get your own home, even if it means you need to involve others.
This may be having your parents as guarantors or shared owners, buying with friends or buying through a Shared Ownership scheme.
If you would like to own your own home and like the idea of having a financial stake in where you live sharing nay be the only affordable route.
Just be sure to take good impartial advice and ensure that the legal contract to buy enables the sharing to end without serious difficulties — your solicitor will understand the implications.
It is possible for three or even four unconnected** people to share a mortgage and that can be a way for each of you to get a start.It means that you own a share in a house and are not just paying rent to someone else without a capital benefit. It can dramatically reduce the monthly costs and you may also be able to afford a better property that you can spend time on to make it yours.
But beware the pitfalls!
** unconnected people - not related to each other in any way
Let us look at your own situation
- I own and am planning to move home — click here
- I am staying put but need review my mortgage — click here
- I have financial problems and need advice — click here
- I am retired and would like cash from my house — click here
- Why should I take advice — click her
