Buyingblock -Homes

Hello there!

What are the benefits and risks

Financial:
Increase your financial muscle by buying together
Increased deposit amount
Increased mortgage amount due to 2 or more incomes being taken into account
Reduction of costs as split between 2 or more Co-Buyers.

Emotional:
Buying a house can be stressful! So it helps if you can share the workload with your other co-buyers.

Loneliness:
Many people have always lived in a busy house and simply don't want to live alone, if they can't afford to buy on their own co-buying gives them another option.

Investment:
We've all heard not to put your eggs in one basket co-buying property as an investment allows the investor to spread their investment in several properties with other co-buyers rather than just one property owned outright.

4.00%

5 yr variable rate mortgage
5.64% fixed