Joint mortgage advice
Discussion
As you may see in another thread myself and my gf have bought a place together.
One question on the solicitors document is causing some misunderstanding.
Joint tenancy or tenancy in common.
Basically we don't know what to do- it must be fair on both our behalfs, i dont want anyone feeling hard done by.
Hopefully we will never split up, we have been together for 4 years for which 3 of those years she has pretty much lived with me at my parents place but you never know.
Anyway the deposit and fees are going to be 34k , i,m paying 27k of this amount.
The monthly payment on the mortgage is just under a grand.
We have worked out our estimated total household bills each month at £1600.
I will pay 900 and she will pay 700 so we have just included the whole total as a job lot, not one pays mortgage and one pays bills.
In my mind it is as much hers as is mine but legally what do we do?
We are going to speak to the solicitor this week but thought a bit of advice here couldn't hurt.
cheers
So if we go tenancy in common what is the deal? How do we determine who own what ?
Is it as simple as working out the percentage and then just going with whatever that is? Within a couple of years she hopes to pay more so i,m not sure what that means either.
One question on the solicitors document is causing some misunderstanding.
Joint tenancy or tenancy in common.
Basically we don't know what to do- it must be fair on both our behalfs, i dont want anyone feeling hard done by.
Hopefully we will never split up, we have been together for 4 years for which 3 of those years she has pretty much lived with me at my parents place but you never know.
Anyway the deposit and fees are going to be 34k , i,m paying 27k of this amount.
The monthly payment on the mortgage is just under a grand.
We have worked out our estimated total household bills each month at £1600.
I will pay 900 and she will pay 700 so we have just included the whole total as a job lot, not one pays mortgage and one pays bills.
In my mind it is as much hers as is mine but legally what do we do?
We are going to speak to the solicitor this week but thought a bit of advice here couldn't hurt.
cheers
So if we go tenancy in common what is the deal? How do we determine who own what ?
Is it as simple as working out the percentage and then just going with whatever that is? Within a couple of years she hopes to pay more so i,m not sure what that means either.
Edited by m3jappa on Tuesday 7th July 21:21
Edited by m3jappa on Tuesday 7th July 21:25
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