YesHome Co-Buying
Two couples living under one co-owned roof? Why can’t friends become house-mates, and then eventually co-owners of a house? Welcome to YesHome alternative mortgages
Step 1
Determine Your Budget
Calculate how much you and your friends or co-buying couple can afford to spend on a home. Talk to us about likely mortgage multiples.
Step 2
Apply for a YesHome Mortgage
Submit your home co-buying application. We will verify your identity and income, and guide you through the mortgage options that suit your needs.
Step 3
Legal Agreement/Deed of Trust
You will need to decide and agree on what happens if one of you cannot meet mortgage repayments or one of you decides to move house
Step 4
Say goodbye to renting for good!
Hand over your rental keys and move into your new home. Congratulations, you are now – along with your friends/fellow couple – a homeowner!
Your Co-Buying Questions
What happens with credit scoring? Are we scored as four people together?
No. You are scored individually. Bear in mind that one person with a low score will impact how much all of you are able to afford together
What if our circumstances change after buying the property?
This will need to be set out in the legal agreement/deed of trust that you must sign together. It is very important that you all realise that changes in the circumstances of one other person will impact you all
How long does the mortgage approval process take for co-buyers?
The approval process will take longer than normal. Expect things to move in months rather than weeks.
Is co-buying always better than renting/co-renting?
Not always no. It depends on mortgage rates and the costs of renting.
The services, products and technologies described on this website will be offered on a when-and-if-available basis and is subject to regulatory approvals. The statements on this website are not intended to be – and should not be interpreted as – a commitment, promise, or legal obligation, and the development, release, and timing of any services, products and technologies described is subject to change, and it remains at the sole discretion of YesHome to deliver or delay the delivery of any of the products, services, or technologies set forth herein. YesHome is a start-up company and statements in this website are forward-looking statements that are subject to considerable risk and uncertainty. Important factors that could cause actual results, products, services or technologies to differ materially include: regulatory rejection of our products or technologies; consumer rejection of our products and technologies; changes in industry standards; unexpected loss of performance of our products or technologies when used by third parties; and reputational risks. These forward-looking statements are not guarantees of future performance and, except as required by law, YesHome disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.