What to consider when buying a property with one or more others
Quoting Nick Wooldridge of Stacks Property Finders
With property prices rising stratospherically over the last eighteen months, buying a home is less affordable than ever. Faced with saving a deposit in this challenging financial climate, a growing number of people are coming up with creative ways of housing themselves affordably, with many would-be homeowners considering the idea of pooling resources and buying together.
Nick Wooldridge of Stacks Property Search, says: “Buying a property with a friend has been a historical solution to low income / high property prices, but it’s generally something that happens predominantly early in working life and is seen as a short-term solution to a temporary financial situation.
Stacks Property Search has put together a checklist of factors that should be considered and discussed honestly at an early stage:
If you are interested in buying a property in Berkshire East or Buckinghamshire South, please contact Nick / 01628 777991 / Wooldridge@stacks.co.uk
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