Some young people are turning to more unorthodox methods of getting on the housing ladder.
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Courtney McClure is buying a six-bedroom house with her husband Alex and another couple in south London. Her view is echoed by Lucy Jordan who believes buying property with friends, or co-buying, is"the answer". The group has not laid their eyes on any particular places, but Lucy says:"We're all quite passionate about it. It's definitely the way we're going to go."Last year it launched
Mortgage brokers London & Country have detected a small increase in applications by groups of three or four, but spokesman David Hollingworth says this increase does not capture mortgages taken out by two friends, for example, and does not make clear if applicants have"parental backing".
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