Main Menu
We are a leading team of Divorce and Family Solicitors with our specialist divorce solicitors providing expert advice about divorce and separation.
Home > Insights > News > Residential Property > Buying a House With a Friend
Share article:
Due to the ever increasing cost of buying a property, many first time buyers are finding it difficult to get on to the property ladder. This has lead to a rise in the amount of people buying with friends in recent years, to make it easier to save for a deposit and be accepted for a mortgage.
If you are considering buying a property with a friend, one of the most important things to consider is how to own the property. The most common way for friends to own a property is as ‘tenants in common’. This means that you can own unequal shares of the property if you are contributing different amounts towards the deposit or other expenses, and you are able to leave your share of the property in your will rather than it automatically passing to your co-owner(s).
A declaration of trust drafted by a solicitor can help to protect your financial arrangements. This is a legally binding document that records the amount that each person has contributed, and the percentage ownership of the property.
Share this article:
The latest decision delivered by the Advertising Standards Agency (“ASA”) is a
As we step into June, the month to celebrate the LGBTQ+ community
The small claims track limit for non-RTA PI claims has increased from
This site is protected by reCAPTCHA and the Google. Privacy Policy and Terms of Service apply.