Previously, mortgage loans were mostly granted using co-accreditation benefits exclusively for single individuals, married couples, parents, and children. But now, banks provide mortgage loans to same-sex couples and even people who have no family relationship with each other.

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This has very positively motivated some young individuals to consider the possibility of buying their first house or apartment using the benefits of a mortgage loan with their partners or friends, as it is a more accessible way to start their asset-building process.

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But how can it be done?

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The short answer is that it can be done, but it's important to seek advice. Currently, it is possible to apply for a mortgage loan with your friends. However, at Tu Hipoteca Fácil, we generally recommend doing this with due considerations.

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When you apply for a mortgage loan with your partner or a close family member, the level of commitment from all parties involved is much higher than you might have with a friend. If one of the friends changes their mind about being co-accredited and paying the loan together, it can lead to a situation where the other friend carries a larger financial responsibility that might not be easy to handle.

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While each case is different, in our opinion, it may be appropriate to apply for a mortgage loan with a friend when there is a genuine commitment from all parties involved (something that should be determined before the application). Alternatively, one person commits to paying the loan while the friends simply "lend" their credit capacity without being obligated to pay.

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If you are interested in applying for a loan together with other people, Tu Hipoteca Fácil can provide you with the advice you need to make the best decision for your future and your assets.