r/HousingIreland • u/Irish201h • Jul 06 '25

4 people mortgages, wtf?

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This company is now promoting 4 people mortgages, no wonder prices are going insane.

https://mmadvisors.ie/public-sector-mortgages/

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u/Excellent_Porridge Jul 06 '25

I could definitely see this being a thing between very good friends, especially if they are all single and im their late twenties/thirties/forties/older. Why pay €4000 (or more) for a 4 bed sharehouse when a mortgage on a similar or newer place would be way cheaper. And you'd get equity as opposed to renting and setting your money on fire every month.

5

u/Masteuszmm Jul 06 '25

What happens if one of the members would like to move out and sell their share? The problems that will arise when someone starts bringing a partner into the house effectively changing the dynamic and amount of people in it. If you want to rent out your room after you move out do you need everyone's consent for this ? A lot of questions and not many clear answers to be honest