Is buying a house with a friend really as good as it seems? (Picture: Metro/Getty)
When Victoria Mortimer started looking to buy a flat in London 10 years ago,she quickly realised that there was no way her budget was stretching far enough.
And as a single woman with no access to the Bank of Mum and Dad,her options were limited.
So,it only made sense that she teamed up with a friend to secure the two-bedroom property in Hackney she’d long been dreaming of.
They bought it for £420,000,splitting their £42,000 deposit in half and paying £21,000 each.
They picked up the keys in July 2015,and for the first two years,everything went smoothly.
Their share of the bill was £600 per month each in mortgage payments,and it saved them from renting through a private landlord.
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The pair had met and subsequently lived together at university in 2015,so they knew that it was likely to be a housemate match. And in the end,it paid off.
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