Buddy Up with Fairview
Dreaming of owning a home but not sure where to start?
At Fairview, we believe that homeownership shouldn't be a solo journey. That's why we've introduced the Buddy Up scheme, designed to help you and a friend, sibling, or cousin take the leap onto the property ladder togeth
Key Benefits
- Increased affordability: Combine incomes to access better mortgage rates.
- Shared responsibilities: Manage bills, maintenance, and other home-related tasks together.
- Emotional support: Navigate the challenges of homeownership with a trusted companion..
Why Buddy Up?
- Share the financial load: Pool your resources to make homeownership more attainable.
- Benefit from expert guidance: Receive legal advice and support throughout the buying process.
- Enjoy exclusive incentives: Access deposit contributions and other perks at selected developments.
As more than one in 10 (12%) don’t know how to buy with a friend, we hope our ‘Buddy Up’ incentive helps first-time buyers understand the feasibility and benefits of buying this way; in recognition that 17% do not think it its sensible legally to buy with a friend, we’ve teamed up with PCS Legal, Property Lawyers regulated by the Council for Licensed Conveyancer, to offer expert advice giving friends the confidence and guidance they need to buy together.
Daman Singh, Conveyancing Executive at PCS Legal, said: “Buying with a friend is largely no different to buying with a partner or a family member. We’d always advise parties buying together to get a Trust Deed, also known as a Declaration of Trust, a legally binding document which outlines how much money each person contributed and what happens in various scenarios such as the property being sold or one buying the other out. We advise buyers hold the property as Tenants in Common, so they can detail different shares and enter a Declaration of Trust.”
To further help friends, siblings or cousins onto the property ladder, we also offer a contribution towards deposit or Stamp Duty at all of our developments^. Simply get in touch with our sales team for more information.
