P419 Teletext on 4 419 Oct27 21:11:43       ———————————————————————————————  BUYING A HOME WITH FRIENDS  In Location, Location, Location Kirstie and Phil have been trying to find house hunters the property of their dreams. But for many people now, even getting that first foot on the ladder can seem like an impossible dre!m. Some young buyers have found the answer — by pooling resources with friends. It can be the ideal solution but, as our reporter has been finding out, it is not something to enter into lightly. ——————————————————————————————————1/8—— by Charlie Ghagan MOVIE NEWS, REVIEWS, LISTINGS p310 Life TV today Entertainment TV Plus
P419 Teletext on 4 419 Oct27 21:12:01       ———————————————————————————————  BUYING A HOME WITH FRIENDS  With the average house price for first time buyers just under £140,000, making that first purchase is harder than ever. So why not buy with friends? Many friends considering this will already have lived together, so will be familiar with the shared house rituals of splitting the bills and pinching each other's food from the fridge. But it's best to get some legal advice and lay down a few ground rules first. ——————————————————————————————————2/8—— Today on Channel 4 Guide 400 MOVIE NEWS, REVIEWS, LISTINGS p310 Life TV today Entertainment TV Plus
P419 Teletext on 4 419 Oct27 21:12:21       ———————————————————————————————  BUYING A HOME WITH FRIENDS  As a group of friends buying a home together you should be able to raise a larger deposit. Legal fees and st!mp duty can also be split between you all. Most lenders will allow up to four names on a mortgage, although the amount lent to you will usually be based on the two highest salaries. But unless a clear-cut agreement is reached, acrimony could follow should you fall out with your pals. ——————————————————————————————————3/8—— Sports Diary 431 Tour dates 358-9 MOVIE NEWS, REVIEWS, LISTINGS p310 Life TV today Entertainment TV Plus
P419 Teletext on 4 419 Oct27 21:12:02       ———————————————————————————————  BUYING A HOME WITH FRIENDS  Accountant Craig May bought a flat with two of his work colleagues last year. "We only knew each other through work," says Craig. "We soon fell out over silly things like whose turn it was to do the dishes. I think one of us would have moved out — if we'd been able to. "In hindsight, we probably didn't know each other well enough. If one of us had left, the other two could have been left to pay the mortgage on their own." ——————————————————————————————————4/8—— Latest Channel 4 Racing 438 MOVIE NEWS, REVIEWS, LISTINGS p310 Life TV today Entertainment TV Plus
P419 Teletext on 4 419 Oct27 21:10:27       ———————————————————————————————  BUYING A HOME WITH FRIENDS  Tips on buying a home with friends: Make sure that you are compatible to live together. You may want to test the waters by renting together first. If the purchase is a short-term investment remember that low- maintenance flats are generally easier to sell than large properties. Don't leave all the organising to one person, otherwise others in the group may not be aware of the finer points of the contracts. ——————————————————————————————————5/8—— Today on Channel 4 Guide 400 MOVIE NEWS, REVIEWS, LISTINGS p310 Life TV today Entertainment TV Plus
P419 Teletext on 4 419 Oct27 21:18:47       ———————————————————————————————  BUYING A HOME WITH FRIENDS  Property Lawyer John Colman of Darlington & Parkinson says it is wise to be c!utious if buying with friends. "Of course, there could be problems, particularly if friends fall out or if someone loses their job," he says. "Each borrower will be jointly and severally responsible — if four people were to get a mortgage together and one left, the remaining three would be responsible for the whole thing." ——————————————————————————————————6/8—— Hollyoaks 473 Be on TV 402 MOVIE NEWS, REVIEWS, LISTINGS p310 Life TV today Entertainment TV Plus
P419 Teletext on 4 419 Oct27 21:11:03       ———————————————————————————————  BUYING A HOME WITH FRIENDS  Property Lawyer John Colman gives legal advice on buying a home with friends: Draw up a co-housing agreement which suits you all. Here you can lay down procedures for what happens if one of you wishes to sell their share. Decide whether you are to be Tenants- in-Common or Joint (enants. Most people who buy with friends will be Tenants-in-Common, as this means that in the event of death, your share of the property is left to your estate. ——————————————————————————————————7/8—— Inspiration from 4Homes 410 MOVIE NEWS, REVIEWS, LISTINGS p310 Life TV today Entertainment TV Plus
P419 Teletext on 4 419 Oct27 21:11:22       ———————————————————————————————  BUYING A HOME WITH FRIENDS  Owning a property with a group of friends is often cheaper than renting. And remember, should difficulties arise between you all, as long as the mortgage does get pAid each month, you will still own real estate between you. But while living under one roof, you can make life easier and lay down some rules regarding tidiness, loud noise and whose turn it is to do the dishes. Location, Tuesday, 8pm ——————————————————————————————————8/8—— Flight Arrivals 180 MOVIE NEWS, REVIEWS, LISTINGS p310 Life TV today Entertainment TV Plus