Getting a foot on the property ladder has become even more daunting for first-time buyers, especially in the current climate. Hundreds of mortgage deals have fallen through in recent weeks and the offers that are now being put to new homeowners appear to be even more unaffordable than before.
This puts first-time buyers in a difficult position, questioning whether or not they'll be priced out of the market. Many new househunters, especially solo buyers, then feel they are left with little to no option but to continue renting or live with family for longer than planned.
But for those who aren't in a position to buy somewhere alone or with a partner, there is another option that is becoming more popular today. Getting a mortgage with a friend to split the cost and get on the property ladder quicker is on the rise, with new research from GetAgent revealing that Google searches in the UK for "mortgage with a friend" are at their highest in five years.
