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Co-ownership enables people to realise
the dream of owning what to you as a
single investor would be beyond your
reach. It immediately doubles your
spending and bargaining potential, widens
your horizons dramatically, and opens up
doors to property ownership which were
previously closed to you.
Landmark Crete, in co operation with
"5050houseshare" are now able to offer you
this option.
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Just imagine what type of property you
could buy/invest in for..say £200,000
= £100,000 each, be able to live in
it 6 months a year, well managed with two
owners of the same mind ?
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How 5050 began
A few years ago, a student finished her
course at University. After living
with five other students, crammed into
student digs, it was time for her to
follow her own path. But where was she
going to live? After the freedom of living
away from home for such a long time, it’s
never easy to move back in with
parents.
As with the majority of people in the
student’s situation, she did not
have the financial luxury of affording a
full down-payment on a mortgage. She’d
had enough of paying her rent straight
into somebody else’s pocket - every
time that money was paid, she’d
never see a penny of it again. It had been
a useful arrangement for that situation,
but it wasn’t a long term option.
She did, however, have enough cash for
half of a deposit. Can you see where this
is going…?
That’s right. As parents do, they
offered assistance. They gave her the
opportunity to take part ownership in a
property – they would split
everything right down the middle,
instantly making it every bit more
affordable and manageable. She now lives
in a three bedroom house. It may seem
extravagant, but it works out to be very
affordable. She is part owner of the
property and has two housemates as
tenants, who are happy to pay rent until
they can sort out their own property. Of
course, the rent pays for her half of the
mortgage and she simply pays for half of
the maintenance. Naturally, the parents
pay the other half as part of their
investment in the house.
How does this help you? Well, it doesn’t,
directly. That was one story of property
success. 5050 realised that the only
potential financial partner their daughter
had (without taking a hefty loan) was
them. It’s not so easy to walk up to
somebody in the street, and say, "Do you
fancy going halves on a house?"
This is how it happened. And this is how
it helps you make your own success story.
With 5050houseshare you can find
someone with whom you can share ownership
of a property. Think of it as a dating
site for potential property owners –
"GSOH, likes long walks by the beach, has
same amount of money to invest… in
the same location… of the same
property type" –
5050houseshare can match you to
your perfect property partner.
For more information on 5050 houseshare
please contact
us
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