School Friends Save Money - By Joining Forces

With the increasing cost of living and first-time buyers in London reportedly needing a salary of more than £93,000 a year to purchase an average priced property*, many young, single people have found themselves abandoning the idea of home ownership entirely. However, an increasing number of canny first-time buyers are thinking more laterally about how to get on the ladder and are opting to club together with friends.

For school friends, Alex Wilkin (22), and Tony Larter (21), both engineers who work in London and grew up in Welling, purchasing their own homes had proved difficult; so they decided to team up to strengthen and speed up their buying potential. This soon meant their first home became an affordable reality. Alex and Tony's joint purchasing power meant they could afford to buy a stylish two bedroom apartment at Crest Nicholson (Eastern) Ltd's development, The Pier at Ingress Park, in Greenhithe, Kent, which provides an ideal base for those wishing to commute to the capital.

Alex comments: “We were both itching to get on the property ladder but neither of us could afford to buy our own place. Tony and I have been friends for several years now and have always got on really well, so it made sense that we joined forces and agreed to buy a property together...

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