There are so many considerations when family life and relationships become challenging. Increasingly, the impact of mental health, personality disorders, and alcohol and drug dependency are changing the landscape of family relationships.
Buying a house with family or friends can be a great way of getting yourself on to the property ladder. Co-ownership or shared ownership is becoming increasingly common and can give each person a distinct share in the property that you couldn’t otherwise afford on your own. Choose the person/people wisely though and it’s critical that you get a property sharing agreement drawn up.
Until the proposed bright-line changes are passed into law, our advice to you is get legal advice before you put your property on the market, so you don’t get caught out.