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The Financial Times: What are the complications of buying a house with a friend?

Financial Times
Written by
The Financial Times
Published Aug 30, 2023

Important information - investing for longer increases the likelihood of positive returns. Over a period of five years or more, investments usually give you a higher return compared to cash savings. But investments can go down as well as up in value, so you could get back less than you put in. This isn't personal advice. If you’re not sure what's right for you, ask for advice.

I rent a two-bedroom flat with my best friend. We are both single, with similar incomes and have recently talked about buying a house together.

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Unsecured lending to consumers rose by 1.191 billion pounds ($1.51 billion) in net terms, less than the 1.3 billion-pound increase which was the median forecast in a Reuters poll of economists, and down from the 1.637 billion pounds rise in June.

The pace of growth in consumer credit over the 12 months to July slowed to 7.3%, the slowest increase since December last year. ($1 = 0.7913 pounds) (Reporting by William Schomberg; editing by David Milliken)

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