Co-own.com.au offers a loan product from one of the big four Australian banks that allows you to split the cost of buying a home or investment property while retaining individual control of your finances.
Benefits of Co-Own Loans
- You can borrow more funds that you would otherwise be able to afford on your own
- Buy the property you want, rather than settling for a cheaper option
- Split the costs of your home any way you like and let each borrower decide how they want to manage their loan repayments
- Each borrower can access a range of features including redraw facilities, mortgage offset accounts and lines of credit.
What happens if I already have a mortgage on the property and I wish to sell a percentage?
If you already have a mortgage on your property and choose to sell a percentage, you'll need to check whether your current lender accommodates shared ownership loans. If not, we'll be more than happy to accommodate you.