Buying a House With a Friend
People living in rental apartments get sick of it after a period of time. And this is normal. Who does not want to have his/ hers own property? Taking a loan and paying it on your own for many years is the first option. However, the second option offers to ease you, and it certainly will. If you have a close friend who is also living in a tenancy offer him/her to buy a place together. This way you will be more insured against going in debt because your friend can always help you if needed.
There are some social classes that can are more tolerated towards getting a loan. Widowed, divorced, or young people that can prove to be reliable. In addition, mortgages are often given to two or more friends who are willing and have agreed to purchase a property together. So this article is describing things to consider before taking this opportunity.
First, living with a random person is something that wont be easy at all. You have to be pretty sur that you are matching with the person you have chosen. For example, people who like living in a clean place it wont be hard to get on well with a person who is leaving a mess everywhere. Household obligations wont be done by only one person, of course. So choose carefully because the housekeeping will be slitted by you too. This is almost the same case as one that I had experienced myself. The end of tenancy period had came and we didnt intend to renew the contract. So we had to call end of tenancy cleaning services and leave. I was the only one that was caring about the condition of the place. Problems occurred and these are moments that I do not want to remember. So choose your “room-mate” carefully!
His/ hers financial condition is important too. It has to be at least as yours. Have several brief discussions and see if you can reach an agreement.
According to a company named End of tenancy cleaning London tenants often end their lease agreements because of problems that had occurred between them and their roommates.
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