Re: Buying a House / Mortgage-Legal question
 

That confident of the relationship lasting then????? ;)

Re: Buying a House / Mortgage-Legal question
 

I'm very confident it will - thank you for pointing it out...:confused:

At the same time we are humans and things happen in our lives for which I prefer to be prepared than unpleasantly suprised!!

Re: Buying a House / Mortgage-Legal question
 

I wish my wife contributed to the mortgage :smt086




:D

Re: Buying a House / Mortgage-Legal question
 

...on the M6.

You need:

1. to hold the property as tenants in common
2. in box 11 on Land Registry form TR1 tick the third option ansd state 'as tenants in common under the terms of a Deed of Trust dated today's date'
3. Enter a Deed of Trust to set out who owns what. You can spilt it by % shares, or by £, or both, whatever you want. I always advise clients to consider who pays the mortgage (as between you and lender it will be both of you jointly and severally, but who in practice pays), and who pays sale costs. Also consider who bears losses if you sell at less than you pay. You might also consider what triggers sale.

Email me if you need anything else - ed[at]galegal.co.uk

Ed

EDIT - 'Would it stand up in Court?' - most definitely yes, unless there was some sort of vitiating factor - eg duress.

Re: Buying a House / Mortgage-Legal question
 

It can be done, has been done by my mom and a friend of the family for her last 2 homes, no issues at all.

But i think issues might arise if you and your gf dont remain amicable??

Re: Buying a House / Mortgage-Legal question
 

Whole idea is that it survives relationship breakdown...

Re: Buying a House / Mortgage-Legal question
 

Ah excellent!! Many thanks Ed...if we do go ahead with something you will be getting a call ;)

Re: Buying a House / Mortgage-Legal question
 

yeah... :smt115