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Corsa Sport » Message Board » Off Day » House Day » Is it still possible? » Post Reply
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Tom |
posted on 14th Apr 11 at 15:21 |
I'd keep it simple, straight down the middle. Removes any confussion over how much you both contribute to the mortgage and how much you're both entitled to if/when one of you decides to sell! | |
ste_p23 |
posted on 14th Apr 11 at 12:10 |
quote: May just do that but i will see what my solicitor says :) | |
RichR |
posted on 14th Apr 11 at 12:03 |
or just put the same in and up the loan amount to keep everything 50/50 from the off | |
Rob_Quads |
posted on 14th Apr 11 at 11:49 |
Yes but it all comes down to what the contract between the two of you say. It would have to be very specific about who pays how much deposit. Who pays how much of the mortage. Who gets how much of the profits / burdens the loss etc etc | |
ste_p23 |
posted on 14th Apr 11 at 11:39 |
Cheers Rich :) | |
spencer88 |
posted on 14th Apr 11 at 11:32 |
You should then also be paying 60% of the mortgage. | |
RichR |
posted on 14th Apr 11 at 11:30 |
Yes in theory but I would have a contract drawn up between the two of you to say that in the event of a sale; you get back £25k to her £15k and then any growth or fall is split evenly between you. Assuming post purchase everything remains 50/50 between you; renovation costs, loan/mortgage repayments, amount fo work. I think this would be the fairest route | |
daymoon |
posted on 14th Apr 11 at 10:59 |
I would have thought so. Best ring solicitors and ask though. | |
ste_p23 |
posted on 14th Apr 11 at 10:58 |
Just looking for a quick bit of advice really, im just wondering if in this day and age you can still have a large split ownership over a house? |