
Since 2005 we have been building the UK's largest property co-community. If you've no idea what a co-community is, don't worry, it's a term we've invented to describe a group of people whose purpose is to help one another afford somewhere bigger, better and sooner than they could alone. This may be as simple as exchanging information on our forum, contributing to our blog or joining forces to co-buy, co-invest or co-rent with one another to multiply your funds, divide all the costs and afford so much more.
An Introduction To The World Of SharedSpaces
Co-Buying Basics
SharedSpaces is the UK's original and still the largest 'co-buyer network'. Established in 2005, we now have thousands of people registered looking for someone they click with. The concept is simple. If you cannot afford to buy on your own, why not buy with someone else; a friend, a family member or someone you find through SharedSpaces. By doing so you'll multiply your buying funds, divide your costs and be able to afford somewhere far nicer and far sooner than you thought possible alone. SharedSpaces offers shared ownership information and advice for anyone looking to co-buy. We can provide you with financial and legal experts to walk you through the process, and of course you can search through everyone on our national database to find your ideal mortgage mate.
Co-Investing Basics
If you've ever though about investing in property or land in the UK or abroad, or even if you're a seasoned successful investor, co-investing will be of interest to you. Finding one or more investors to join forces with spreads the risk on any investment, enables you to try out new areas and multiplies the finances and expertise you'll have to buy your first or fifty-first property. You can search for investors to co-invest with, or you could search for co-buyers to help onto the property ladder, and as a part owner in the property you would have the right to a percentage of the profits when the property is sold. This arrangement might also enable you to negotiate a rent from them on the percentage they don't own, much like a smaller scale version of the Government's part-rent-part-buy schemes. Co-investing is all about sharing the risk and the rewards of investment.
Co-Renting Basics
We know that even with the options we have to offer there will still be some of you who cannot afford to buy, or are not yet prepared for the responsibilities of ownership. For you there is co-renting. It's basically flat-sharing, finding someone to split the rent and the bills with to keep your costs to a minimum, so you can save more for the home you would like to buy someday, or simply to enjoy life a little more. Co-Renting could also be a "try-before-you-buy" stage in co-buying. You've found who you think is the ideal co-buyer for you, but you want to make absolutely sure before you take the plunge, so you decide to rent with them for a short while. It's a cheap and simple way to find out if you really can live together.
Register and search our database for your perfect property pal.
Innovative Initiatives
From time to time we come across other organisations with brilliant ideas that could help you buy or invest. We will bring them to you so you can judge for yourself if they're as good as we think they are. Feel free to contact them, and then chat about them in our forum so others get to know what you think.
Currently we're delighted to present to you two companies that we feel are offering something a little different that could just help you up onto the property ladder.
The First Time Buyer Group (don't be fooled by the name, they also help second time buyers and investors too) offer a 'reward' for buying through them. They will give you back your deposit, stamp duty, finance arrangement and legal fees and survey costs which could amount to thousands of pounds that you would have otherwise lost that you can now put to better use. We think it's great for a new home owner. There's also a well respected and innovative new home builder
Acorn Property Group which has recently introduced the concept of 'Rent to Buy' to help you afford your new home. The scheme allows you to rent a property from them with no obligation to buy, but if you do decide to they will give you back 50% of all your rent to help with your buying costs. It's the only way rent is not wasted money. Come to our Hot Property page to see more.
Just The Beginning
This is just the start of what SharedSpaces has to offer. You'll find our pages teaming with ideas and advice. The buying process, shared ownership, housing associations, things to consider when viewing a property, investment options including land investment and overseas property, financial, insurance and legal essentials which you should know before considering buying or co-buying, and the ability to share your knowledge and experience with others in the co-community through our forum.
So, have a good look around our site. You can register FREE as a Trial Member to have access to even more of the site, and when you are ready to start searching for a co-buyer, co-investor or co-renter, all you need to do is to upgrade to Full Membership. This will allow you to contact as many members as you like to find the one or ones for you.
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News Links
what's relevant in the news today
Wanted: two beds, two bathrooms and a GSOH
15 April 2006 - Move over Match.com. A more intimate form of online dating could soon emerge as a force on the social scene in London. The exorbitant cost of buying property is prompting more people to team up with acquaintances to buy instead of "going it alone".
SharedSpaces hopes to revive a flagging market
02 April 2006 - New website launched to offer a genuine alternative for first time buyers unable to afford to buy what they want where they want to live.
First Time Buyers face price woe
22 Jan 2006 - First-time buyers cannot afford to buy a home in 92% of UK towns, a survey from the Halifax bank suggests.
Buying with friends
Tired of paying rent but can't afford to buy your own home? Top estate agent Emma Basden investigates the pros and cons of an attractive alternative: buying property with your mates.
Property prices on the up
05 Feb 2006 - A wave of buyers in southeast England is pushing up values, and homes are being snapped up in days
Half first-time buyers need help
14 Feb 2006 - Nearly half of young people turned to relatives so they could afford rocketing home prices.
Dismay at Budget stamp duty announcement
22 Mar 2006 - Estate agents and mortgage lenders have expressed their disappointment at the 4% rise in stamp duty nil threshold, with words such as "derisory" and "negligible impact" common in their reactions.
UK house price growth quickens
16 Jan 2006 - House price inflation across the UK has picked up pace in the year to November, according to a report from the Office of the Deputy Prime Minister (ODPM).
More people pooling their resources
22 Jan 2006 - In today's overpriced property market, many singletons in search of a home are merging their finances with friends, siblings and partners.