Buying a property with a partner or friend comes with great benefits. You can raise a higher amount for deposit and you can easily get on the housing ladder. However, this type of arrangement can be risky on all the parties involved if you don’t sit down and agree on certain things beforehand. Remember when your partner defaults, you will be the one responsible to settle the full mortgage whether you like it or not.
Thus, it is important for you and your partner (or friend) to decide on the legal aspects of co-owning a property. I came across an infographic from Experian and I believe this is a helpful guide for you.
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