Group Ownership

Mortgage Strategy reports M&S Bank conducted a survey and “Almost six out of 10 millennials would consider taking out a group mortgage, with two or more friends or siblings, as a means of getting onto the housing ladder. In contrast, just 26 per cent of those aged 36 or over would consider taking out a mortgage on this basis. This survey – of 5,000 people – shows that many in this 18 to 35 age group are pessimistic about their chances of ever being able to afford to buy a property.” Read more https://www.mortgagestrategy.co.uk/millennials-look-joint-mortgage-options-get-property-ladder/