I recently read about a 67-year-old woman who shared her reasons for not wanting to remarry. Her perspective was both insightful and deeply relatable, particularly as it reflected the changing priorities many face in later life. She explained that remarriage could bring challenges she wasn’t willing to take on. One concern was the potential for […]
Picture this: You’ve just booked a last-minute getaway, and panic sets in. Who’s going to feed Fluffy? Walk Max? Make sure Princess Sparklepaws doesn’t knock over the plant (again)? Cue the hero of modern living: your housemate. Living with someone when you have a pet isn’t just a convenience—it’s an unspoken contract for free pet-sitting […]
In a world that often feels increasingly disconnected, more people are rediscovering the value of living with others. Whether for social or financial reasons, co-living is becoming a practical and fulfilling option for many. But while the benefits are clear—shared expenses, companionship, and even emotional support—one common challenge remains: finding the right person to share […]
Buying a home is a significant financial commitment, and for many people, it feels like an unattainable goal. However, co-owning a property can make homeownership more accessible. Here are some key benefits of co-owning a property: 1. Shared Financial BurdenCo-owning a home means you can split the costs of the down payment, mortgage, and other […]
By the time men hit 50, they’ve been through it all: careers, marriages, kids, hobbies, and maybe even a midlife crisis or two. It’s no surprise that many in this demographic are less inclined to dive into new romantic relationships. But while romance might not be a priority, companionship, connection, and a comfortable living situation […]
Managing finances with a co-owner requires clear communication and organisation. Here are some tips to help you split costs effectively: 1. Create a BudgetStart by creating a detailed budget that includes all expenses related to the property. This should cover mortgage payments, utilities, maintenance, repairs, insurance, and any other recurring costs. 2. Open a Joint […]
Co-owning a property can be a great way to make homeownership more accessible. Here’s a step-by-step guide to getting started: 1. Find a Co-OwnerLook for someone with similar financial goals and lifestyle preferences. Use the online platform The Modern Living. 2. Discuss ExpectationsHave open discussions about your expectations regarding the property, including location, type, budget, and […]
Entering into a co-ownership arrangement involves more than just pooling resources. It’s essential to address the legal aspects to ensure a smooth and secure process. Here are some key legal considerations: 1. Co-Ownership AgreementA co-ownership agreement is crucial. This legally binding document outlines each party’s rights, responsibilities, and obligations. It should cover details such as […]
Co-living and shared homeownership has been known, particularly in urban areas where property prices are high. The proportion of new mortgages completed in the year to November 2023 was 63% – that’s up from 57% just three years earlier. Halifax’s mortgage director Kim Kinnaird said, “Today, those starting out on the housing ladder are 32 years […]
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