Co-buy high risk

Looking online for your perfect match is about more than just romance.

Hopeful home buyers are listing their details on website Co-Buy With Me in the hope of finding a partner to bump up their deposit or help cover mortgage payments.

The site was created in the UK and has now expanded to Australia, Canada and New Zealand.

Joanne McGregor hopes to find an investor for her second co-buy property.

McGregor, 48, said it was tough for single women to buy property, as they often earned less than men.

She's been in contact with a few potential investors but hasn't yet met anyone. "At the end of the day you don't know if someone is a psycho or out to rip you off."

To read the full NZ Herald story click here

Posted: 6 Sep 2009

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