Advice please!

Sweetcaz_2

I would be very careful if you are not a married couple to make sure you protect your capital in this purchase.

Make sure the property if purchased on a tenants in common basis rather than a joint tenancy basis and that the solicitors sorts out the split according to your capital input.

I do agree with other comments though about buying it just in your name as you do not seem too confident that your partner will not at some point leave and try to take your hard earned equity from the property. You can simply say you feel it would be easy to hold everything in your name and then when he has his finances in a check at a later date you are a more secure partnership (possibly engaged or married) you could either then buy together or get him added to the mortgage/deeds. You can use it as a way of trying help him sort his finances.

I have just married my long term partner, we have been together 8 years. I had my own home in my name and he paid me rent in the early years as there was no was of knowing if we would remain together as relationships these days are very prone to break ups. Now we are married we have sold my house and are buying a house together. 50k of my equity from my house sale is buying this property for us both then obviously a joint mortgage split equally. As we are a married couple though everything is joint and obviously if we split I am likely to loose out but I am confident this will not be a problem and I think my new husband would be somewhat offended if I had it any other way.

Good luck!