D
Darkhero
Guest
Hi there
I've had a look and havent found a thread that covers my question.
Given the rental prices in Dublin, a friend and I have decided to buy a house together. Fair enough except that my friend is a student and cannot afford a huge mortgage. Instead he has decided to use his inheritance to purchase the house.
We are both first time buyers.
Effectively, the purchase price of the house is €480k with approx €100k work needing to be done.
We have got an approved mortgage of €370k.
My friend's inheritance is €210k.
What we need is advice on how we structure the ownership of the house so that my friend can protect his €210k capital investment.
Thanks
I've had a look and havent found a thread that covers my question.
Given the rental prices in Dublin, a friend and I have decided to buy a house together. Fair enough except that my friend is a student and cannot afford a huge mortgage. Instead he has decided to use his inheritance to purchase the house.
We are both first time buyers.
Effectively, the purchase price of the house is €480k with approx €100k work needing to be done.
We have got an approved mortgage of €370k.
My friend's inheritance is €210k.
What we need is advice on how we structure the ownership of the house so that my friend can protect his €210k capital investment.
Thanks