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Home > Cooking the Books with Frances Cook > What to know before buying a house with friends


	Podcast:		Cooking the Books with Frances Cook
	Episode:		What to know before buying a house with friends
	Category:		Business
	Duration:		00:16:04
	Publish Date:		2021-08-24 17:00:10
	Description:		Each week the NZ Herald and Newstalk ZB's Cooking the Books podcast tackles a different money problem. Today, it's the good and bad of buying a house with a friend. Hosted by Frances Cook. Money can be particularly difficult when you're flying solo. You don't have the luxury of pooling resources with someone else, buying the same thing for a fraction of the price. Or don't you? Particularly in the house buying world, some people are now teaming up with friends. It's a smart way to get around steep prices - particularly when most houses have more than one bedroom anyway, and you were probably already thinking about a flatmate in order to keep the bills down. There's just one issue; buying a house is a major commitment, even for those in a romantic relationship. For a friendship you want to make sure you do this right, as there's no standard divorce law to help you out if things go sour. That means there are a couple of legal considerations you need to be aware of first. For the latest Cooking the Books podcast I talked to Joanna Pidgeon from Pidgeon Law. We discussed what legal problems can come up, what to put into a contract, and how to vet the person you're thinking about buying with. If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here https://www.facebook.com/FrancesCookJournalist/ Instagram here https://www.instagram.com/francescooknz/ and Twitter here https://twitter.com/FrancesCook
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