6 Nov 2019

New entrant for co-ownership of property

From Morning Report, 8:22 am on 6 November 2019

A new business has launched aiming to bring baby boomers and millenials together on the property market.

Those with money to invest, put up a 20 percent deposit and those who have an income, but don't have enough to pay a deposit, take on the mortgage and live in the house.

After five years, the house can be sold and the two parties split the capital gains 50/50. Amy Wilkes is director of online house-buying platform Levridge.