Is co-investing a good idea?

In this episode of the Smart Property Investment Show, Phil Tarrant talks to Eva Loisance of Finni Mortgages about investing in property with others and the challenges and solutions that arise when co-investing with siblings, friends, or partners.

Eva outlines the concept of a Common Debt Reducer (CDR) policy, which enables co-investors to share the debt liability in a more equitable manner, before highlighting that many lenders assess joint investments as if the co-investors are individually liable for the entire debt, causing potential issues when circumstances change.

She also points out the potential complications that can occur when co-investors’ circumstances change, noting the importance of clear legal agreements and proper planning.

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