Splitting the cost of buying a home with family, friends or complete strangers is becoming ever more popular.  The benefits of property share allow you to pool your money with others to enter the market as a home owner or investor.  Together you may be able to borrow more funds that you would have been able to alone which also allows you to purchase your preferred property rather than settling for a cheaper alternative.

To get a property share loan all parties must be an owner of the property (unless you purchase the property in a company’s name).  Each person must prove that they can repay their own loan facility and must guarantee each others’ loan (ie security support only).  It is essential in these sorts of transactions that each party receives legal advice before entering into any such property share arrangement.

For more information about purchasing a property in a company name click here. (www.investagroup.com.au); or contact one of our Loans Officers for more information