What to Think About When Buying a Home With Friends
Channel: The Mortgage Lab
Date: 2022-04-26

Thinking about buying a house with friends in order to get on the property ladder? Mortgage Lab CEO Rupert Gough talks you through everything you need to consider beforehand.

With high house prices and not everyone having access to help from the Bank of Mum and Dad, many Kiwis are asking whether it is worth buying with friends instead of on their own. 

So let's look at the pros and cons of purchasing a house with friends, what is involved with getting a mortgage together and at the end, I’ll give you the 6 important topics you will need to discuss long before you start searching for a home...

If you are unsure where to start or have any questions, don't hesitate to contact the team at mortgagelab.co.nz/contact-us, we're here to help.

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Our Video Chapters
0:00 - Can I buy a house with friends?
0:50 - Understand the types of property ownership
2:00 - The Pros about buying a house with friends
3:05 - The Cons of buying a house with friends
5:10 - How do banks treat friends buying a house together?
6:35 - Example of friends buying a house together
9:10 - Could a friend loan money for a property?
9:25 - What to think about
10:55 - 6 Topics to think about before you begin