Monday, 11 July 2011

Mates urged to club together to get that elusive first mortgage - Mortgages, Money - The Independent

Mates urged to club together to get that elusive first mortgage - Mortgages, Money - The Independent

Lenders have been urged by housing minister Grant Shapps to offer "mates mortgages" to encourage more first-time buyers (FTBs) into the market.

Pooling together funds to meet the current deposit demands could be an ideal way to get a first foot on the ladder. But is buying with a friend really a good idea?

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