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protecting deposit
Lanser
Posts: 1 Newbie
Hi All,
My partner and I are just about to buy our first house together basically I'm paying the mortgage while she is putting down 40% as a deposit.
How is the best way to ring fence her money so if in the event of us separating she gets her deposit back before splitting any profit?
Would a charge on the property be a good way or would a signed and witnessed agreement be as good?
John
My partner and I are just about to buy our first house together basically I'm paying the mortgage while she is putting down 40% as a deposit.
How is the best way to ring fence her money so if in the event of us separating she gets her deposit back before splitting any profit?
Would a charge on the property be a good way or would a signed and witnessed agreement be as good?
John
0
Comments
-
Hi All,
My partner and I are just about to buy our first house together basically I'm paying the mortgage while she is putting down 40% as a deposit.
How is the best way to ring fence her money so if in the event of us separating she gets her deposit back before splitting any profit?
Would a charge on the property be a good way or would a signed and witnessed agreement be as good?
John
I don't think a charge is possible, That would make her the Mortgagee and Mortgagor. (Assuming both of you are on the mortgage)
A signed agreement would be possible.
How willl you deal with any negative equity?This is an open forum, anyone can post and I just did !0 -
A signed agreement ... Yes...............................I have put my clock back....... Kcolc ym0
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