The 5050houseshare Story

Necessity is the mother of invention, as the saying goes. 5050houseshare is a family’s innovation that recognises that property ownership is becoming increasingly difficult. People who would have been able to afford to buy a house 10 years ago are no longer in that fortunate position…

5050houseshare will revolutionise this problem…

A few years ago, a student finished her course at Nottingham 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, we offered assistance. We gave her the opportunity to take part ownership in a property – we 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. Our daughter 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 our daughter’s half of the mortgage and she simply pays for half of the maintenance. Naturally, we pay the other half as part of our investment in the house.

How does this help you? Well, it doesn’t, directly. That was our story of property success. We realised that the only potential financial partner our daughter had (without taking a hefty loan) was us. 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.

The bonus is, when you become a partner, you can use our exclusive associated agents who can offer you great properties, competitive loan offers and affordable mortgage rates.

And you don’t even need a daughter to do it.

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