Is It A Bad Idea To Buy A House With A Friend. It's tough for couples to muster up a deposit, but for solo buyers high prices can make home ownership little more than a pipe. We let another friend move in and pay us rent (which alone covered 55% of the mortgage).
Top tips if you’re buying a property with a friend or partner BES - image credit : beslegal.co.uk
instead, it’s better for one friend to be the full owner and rent out space (just make sure you know what you’re getting into ). What it means for sales and inheritance. Buying with a friend means that the cost of the major expenses, which could prove a problem if you were buying alone, are shared.
Top tips if you’re buying a property with a friend or partner BES
tenants in common. the answers to these six questions can make or break your decision to buy a house with a friend. Secondly, you must put a legally binding cohabitation agreement in place. We’ll connect you with investment pros we trust:
