Author Topic: Shared ownership - buying with friends  (Read 8793 times)

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Offline Bluwise

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Shared ownership - buying with friends
« Reply #10 on: February 13, 2011, 13:32:43 PM »
quote:
Originally posted by legless

Sue have mailed you
Ron


Can't see a message Ron?



Offline Bluwise

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Shared ownership - buying with friends
« Reply #11 on: February 13, 2011, 13:37:33 PM »
quote:
Originally posted by Bluwise

quote:
Originally posted by legless

Sue have mailed you
Ron


Can't see a message Ron?


I can now - sorry I checked wrong email address.
Thanks Ron - will do.

Offline loz

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Shared ownership - buying with friends
« Reply #12 on: February 13, 2011, 13:37:57 PM »
I know of one law firm in the UK (obviously more) who dealt with the estate in UK (UK Will) and property in Turkey, this person did not have a Turkish Will, the house was sold and monies went to the probate account in the UK for the executors to deal with. The estate is then actioned according to the Last Will and Testament of the UK.

The UK firm with furnish the Turkish Embassy with all relevant papers ratified from the UK. It is however, still a lengthy procedure.  

I will search for the law firm details and ask them if I am allowed to post.

Offline Bluwise

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Shared ownership - buying with friends
« Reply #13 on: February 13, 2011, 13:41:59 PM »
Thanks everyone - I need to step back and think hard on this don't I.[^]

Offline KKOB

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Shared ownership - buying with friends
« Reply #14 on: February 13, 2011, 15:07:02 PM »
Oh Yes !

« Last Edit: February 13, 2011, 15:07:22 PM by KKOB »

Offline Bluwise

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Shared ownership - buying with friends
« Reply #15 on: February 13, 2011, 15:58:57 PM »
quote:
Originally posted by KKOB

Oh Yes !





Fabulous !!

Offline sue mac

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Shared ownership - buying with friends
« Reply #16 on: February 13, 2011, 17:31:47 PM »
Dont do it.....!

Offline Scunner

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Shared ownership - buying with friends
« Reply #17 on: February 13, 2011, 17:32:36 PM »
I don't think anyone can advise that apart from the person thinking about doing it!

Offline Jacqui Harvey

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Shared ownership - buying with friends
« Reply #18 on: February 13, 2011, 19:35:50 PM »
My advise would be cut your cloth accordingly, if you can afford a small place for yourself as sole owners go for it.  Buy what you can afford and be your own boss.

Offline Bluwise

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Shared ownership - buying with friends
« Reply #19 on: February 13, 2011, 20:10:06 PM »
I can see the pitfalls of this idea now, especially the financial implications if one of the group had a change of heart for whatever reason.  That in itself has made me even more cautious about full shared ownership but potentially with one name on the deeds as suggested, it could work.  
As a group of friends for 30+ years we've been through many ups and downs so we know each other well.  With allocated weeks each year and agreements about costs for family/friends etc it could indeed be a good opportunity.  Understand about working together with friends not always a good plan- same goes for working with family but this isn't 9-5 work and all the challenges that throws up!
That said, I can see and feel the negative vibes and appreciate this needs very careful thought and I will heed the warnings.

Is there anyone out there it has worked for?




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