Saturday, August 27, 2011

Return of the ‘canny’ property buyer meme

New ways to get on the property ladder

First-time buyers are cannily pooling resources, asking for parental help and using part-buy schemes. Charlotte and Anna used help from their families to raise a deposit on a townhouse in Cardiff Bay. "We both knew we couldn't afford it on our own so it made sense to buy with someone who was in a similar position," explains Charlotte, 25. Housing minister Grant Shapps has urged lenders to further embrace the concept of so-called "mates mortgages."

Posted by little professor @ 02:28 AM (1368 views)
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2 thoughts on “Return of the ‘canny’ property buyer meme

  • Great idea: “If we ‘compliment’ buyers on how clever they are when looking at buying property, perhaps they’ll overlook the unrealistic prices we’re asking”

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  • gee whizz…shared purchase was the final throw of the dice in the late 80’s before property crashed.

    it was a financial disaster ,particularly when the two parties fell out with each other.

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