Navigating Property Share Structures in Mortgage - A Guide for your Next Purchase

The Common Challenge

Imagine this – you've bought a property with a friend or family member, splitting everything 50/50, including the title. Now, as you venture into buying a second property, you're puzzled. Why does the bank's approved loan amount seem smaller than you expected?

A Likely Scenario

Banks might be counting your entire original loan instead of just your 50% share. Yes, it seems counterintuitive since it's a shared loan, but banks assess serviceability based on the structure of your loan, not the ownership share.

Why Loan Structure Matters

This is where the structure of your loan becomes crucial. Getting it right is essential to prevent serviceability issues when you're ready for your next property purchase.

The Bright Side of Property Sharing

Let's not forget – sharing a property is an excellent way to enter the market. It's an opportunity filled with potential!

We're Here to Help

Eager to restructure your current property share or embark on a new shared property journey? We're here to guide you. Our expertise ensures you maximize your serviceability and make the most of your property sharing experience.