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In my limited experience there generally isn't a legal requirement for a fence on a boundary so it's just an agreement. I've always maintained the left hand side as you look at the house and give the good looking side to the neighbour. This makes sense with featherboard as there is no framework for anybody to climb into your propwrty
Although the convention is that you are responsible for the fence on your left, looking away from the house. However as you can see from this thread there are many exceptions to that.
IMHO I wouldn't get involved in half each, money and friends/family/neighbours often doesn't mix well, for what half a fence will cost I'd rather pay for it myself.
That depends on the length of the fence. Our garden is over 150 feet long and fencing cost a *****ing fortune.
I had a new fence about 30 M long in 2021.
Concrete posts, gravel boards and wood panels.
IIRC it cost somewhere around £2.5K ( it was part of some other work, so not sure of the exact price)