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
- Lenders take into account both co-owners deposits. So as long as there is a combined 20% deposit on the property, there's no mortgage insurance.
- Both co-owing parties collectively will be able to borrow a lot more than they could individually.
- Each borrower can access a range of features including redraw facilities and mortgage offset accounts.