Time to consider joint ownership
FIRST-TIME buyers having difficulty getting onto the housing ladder are being urged by estate agents to consider pooling their finances with friends and family in order to buy their first homes.
The National Association of Estate Agents (NAEA) believes buying with family or friends could help to spread the costs of buying and maintaining a home.
A spokesman says: “Joint ownership can, in the right circumstances, offer a way of avoiding the high costs associated with buying a property. By splitting the deposit, maintenance fees and mortgage repayments, this could make owning a home a more realistic aim for many would-be first-time buyers.”