So what's the difference between this site and the many opportunities out there to buy in to 'shared ownership'? Essentially this is a social networking site where you can contact other members to discuss what they need and how you can work together. We (this website) do not own property, we do not invest or offer investments to our members.
Co-Homebuyer was formed in 2010. We're new! The reasoning behind this site was because of our own predicament. We wanted to retire overseas in a few years but needed somewhere to come back to. Yes, we could stay with the kids, but for 3 months? How would that put strain on everyone and as much as we love them, do we want to 'move in'? (It took years to get them to 'move out!').
So we needed to think of another way for extended visits. Our own apartment of course would be nice. Keep our own things there rather than dispose of a lot when we go. But the least expensive in our chosen area was £100,000.
Retiring with a huge mortgage was not an option so we had to consider spending a very sizeable portion of our savings / equity. Plus the worry of it being empty, insurance, council tax, utilities. I could go on.... and on....
Co-home buying makes sense. Share the cost of buying and running the property. Set out sensible but fair rules in the agreement. Work with someone who thinks the same way. Hence co-homebuyer.co.uk
Why UK users only? Well, it's not realistic in our opinion, at least, to offer a good service worldwide - best stick with what you know. Why 'social networking' as a platform? It's familiar to many, easy to use, offers everything you need from assured privacy, the ability to contact or block users and facilities appropriate to your membership.
Join now and meet other members looking for a co-buyer. We think you will be very glad you did.
Best regards, Fred and Cynthia.