Mortgage Buddies

New this week is our 'Mortgage Buddies' page. This is a new concept in property buying.
It's sometimes difficult these days to get on the property ladder, but it's easier than you may think.

The idea of sharing a mortgage may not appeal to everyone but for some, it could be the perfect way to buy a new property.
The way it works is quite simple really, place a FREE ad on our 'Mortgage Buddies' page and let like-minded people know that you are interested in buying a new property by 'sharing ' the costs of purchase. There are advantages and disadvantages to this way of property purchase; the advantages are 1. You can afford to buy a property that you otherwise wouldn't have thought possible before 2. All the costs are shared between the participating partners 3. If you have a good credit rating there should be no problem finding a mortgage.
The disadvantages are; 1. You may not know your propspective 'Buddie' so you will have to check each other out before deciding to go ahead with the commitment 2. You won't know your prospective 'Buddies' credit history so it's as well to try to check this out also 3. All partners to a mortgage agreement are liable for the repayments - even if one partner doesn't pay or leaves.

But think of buying a property which maybe has several floors which can be made into self-contained flats and you may have a good investment for the future. If you're willing to take on a commitment such as this, you could end up making a tidy profit on your investment where you couldn't even contemplate buying a property on your own otherwise.

If you like the idea of maybe owning a 'mansion' or a 'loft' in a smart part of town try advertising to see what kind of like-minded people are out there. Visit our 'Mortgage Buddies' page and register your interest with us for FREE!
http://www.ivyleafproperties.com