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Guide to buying a home with friends

Faced with demands for large deposits from lenders, more people are considering buying a property with friends. Here we explore the advantages and pitfalls.

In this blog, the Money Advice Service talks you through the things to think about beforehand and what to look out for during the buying process.

The advantages of buying with friends

There are many benefits to home ownership. Once you’ve paid off your mortgage, your home will be yours and could be worth far more than you paid for it. You can also spend money improving your home and increasing its value. Sometimes, it can also be cheaper to buy than to rent.

OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.