House Buying - "Tenants in common" - how to calculate % share?

yve_way

I am buying a house with my boyfriend for the first time. We are not married and we will be applying to own the house as "tenants in common". This will set out exactly what share of the property each of us owns. I need some advice on how to calculate what share each of us own.

With our money pooled together we have a 25% deposit on the house and then we will be splitting the mortgage payments 50:50 from now into the future.

At present I have larger savings than my boyfriend and my contribution will make up 75% of the deposit with my partner contributing the remaining 25%.

Any ideas on how to calculate the % share of the house each of us would own? I know this is a personal decision but I don't really know where to start and would like it to be very fair and reasonable. Any thoughts would be much appreciated. Thanks.

onestepatatime_4

Split the 75% value of the property 50-50.

then split the other 25% 75-25

then see what percentage thats left both of you with

so if youre buying a £100,000 house, you each have half of £75,000 invested - so £37,500

then you have 75% of the remaining 25,000 - so £18,750 and he has 25% so £6250

then work out what percentage that means you both have - so £37500 + £18750= £56,250 - so you own about 56% to his 44%

Hopefully my maths isn't too dodgy, and that helps! There's probably an easier way to work it out, but it'll have to wait till after lunch before my brain can stretch to that!