Redrow Homes, which is building two-bedroom apartments in Birmingham city centre, has said that more and more young people are joining forces to afford a new home.
The new Jupiter development is an ideal place for young first-time buyers willing to share a mortgage and enjoy the bright lights of one of Britain's biggest cities, the housebuilder said.
Simon Bennett, Redrow's marketing director, commented: "We are seeing more and more examples of friends and siblings joining forces to enable them to buy their first home.
"Just as young people have been used to renting shared properties for a long time, now it seems they're willing to buy together too."
Redrow has teamed up with high street lender Halifax, which will accept mortgage applications from up to four applicants.
According to the Land Registry, house prices in Birmingham have risen by five per cent in the past year.
See Also: Property News (6705)
Date Published: 02 October 2007
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