Buying with a Partner? Here’s What You Need to Know

Whether you’re buying with your partner, your best mate, or a sibling — teaming up can make home ownership more affordable.

But it also means sharing responsibility, debt, and decision-making.

At Nude Home Loans, we’ve helped dozens of co-buyers get their dream home together without the drama. Here’s what you need to know.

🤝 What is a Joint Mortgage?

A joint mortgage is when two (or more) people apply for a home loan together.

You’re all listed on:

• The loan (responsible for repayments)

• The property title (owners of the home)

It’s a shared financial commitment — so it pays to do it right.

🧾 What Lenders Look At

Lenders assess:

• Combined income and savings

• Individual credit scores

• Shared and individual debts

• Employment stability

Sometimes, one person can strengthen the application — but the other can weaken it. That’s why a smart loan strategy is key.

🧠 Before You Buy Together: Ask These Questions

• Are we both contributing to the deposit?

• Will we split the property 50/50?

• What happens if one of us wants to sell?

• How will we manage costs and bills?

• Do we need a co-ownership agreement?

Pro tip: Put everything in writing. It’s not unromantic — it’s smart.

🏠 Couples vs Friends vs Family: What’s Different?

Couples

• Often apply jointly with shared finances

• Usually own the property 50/50

• Need to think about relationship changes (yep, we said it)

Friends

• More likely to need co-ownership agreements

• Should have a clear exit strategy

Siblings or Parents

• May involve gifting or guarantor arrangements

• Need good tax and legal advice (we can refer you)

✍️ Ownership Types: Joint Tenants vs Tenants in Common

• Joint Tenants: Equal share, automatic transfer if one person dies

• Tenants in Common: Can split shares unequally, pass on to your estate

We help you choose the right setup for your goals.

💬 Real Example: Mia & Luca in Melbourne

• Mia had more savings, Luca had stronger income

• They were worried about fairness and “what if” scenarios

We:

• Found a lender that allowed income-weighted contributions

• Suggested a legal co-ownership agreement

• Helped them structure their mortgage to suit both of them

Now? They’re co-owners, co-borrowers, and co-happy.

✅ Let’s Build a Co-Buying Plan Together

Whether you’re de facto, engaged, or just buying as mates — we’ll help you:

• Pick the right lender and loan structure

• Navigate legal and financial considerations

• Protect both parties with clarity and confidence

👉 [Book your co-buying strategy session with Nude Home Loans]

We make joint buying simple, clear, and built to last.