Buying property with friends

Introduction to buying property with friends

Four friends buy a £300,000 house together in London More and more first time buyers are buying property with friends to get on the property ladder. At www.sharetobuy.com we have created the 'share to buy mortgage', a tailor-made service for friends buying property together.

The share to buy mortgage includes:

  • Exclusive mortgages for friends buying property together that are not available anywhere else, such as our Share to Buy Exclusive with Britannia that will take not just one or two, but three or four incomes into account.
  • In addition, we have a broad range of lenders on our panel including the 'high street' names and specialist providers, and our focus on shared mortgages with friends has given us the experience and knowledge of how different lenders will treat people buying property with friends.
  • We provide a free and comprehensive joint ownership legal agreement to cover the key issues of owning property together, setting out important points such as each person's share in the property and each person's share in the joint mortgage.
  • For all of the above shared mortgage services we do not charge a fee at any point - we know that it can be hard enough for first time buyers raising the money to buy a house!

Use our Joint Mortgage calculator to see how buying property with friends could raise your spending power, or see our case studies of friends buying property together.

Case studies

Five friends take out a shared mortgage in Newcastle Five friends take out a shared mortgage in Newcastle >> Two friends buy their first property with a share to buy mortgage in Blackheath, London Two friends buy their first property with a share to buy mortgage in Blackheath, London >>

NB: it is important to note that with any joint mortgage, all joint applicants are 'jointly and severally liable' for the loan. That is, if one person stops paying their share, the other owners are still liable for the whole amount. That's why with share to buy, our unique joint mortgage service for friends and family members buying property together, we provide a free legal agreement that sets out the key issues such as each person's share in the property. Click here for more information on our free Joint Ownership legal agreement.

For more information go to the share to buy home page.