It’s common for two people to buy a house together, the co-buyer can be your friend, family member or even a business partner

The main criterial is that buyer should be an adult over 18 years and have PAN (permanent account number)

Statistics shows unmarried couple buying a house has been steadily increasing, especially in metros. Unmarried couple have ~25% of market share in the age group of 21–29 years, among 80% are first-time buyers

Most of the public and private sector banks are offering loan to unmarried couples based on the applicants’ income and down payment. Marital status is not the primary factor for loan sanction.

There are few risks to buy a house with unmarried partner. We should aware these risks and can overcome with proper planning, Your sale deed clauses should answer to following questions:

• What is the ratio of ownership in the property?
• What happens to property if couple break-up?
• Who pays EMI, Property tax, utility bills and other major repairs? What if payment default?
• What if co-buyer moves-out, disabled or dies?

If you don’t have answers to above questions in writing, things could get messy very quick.

As a young & unmarried couple, buying a house is stressful decision, involving your parents, family members and advocate could be supportive in the buying process.

We provide assistance for document verification and registration. To opt for our service, please write to us pgnproperties@gmail.com or WhatsApp to +91-97424-79020

Thank you for reading…