Joint mortgage with shares 99% vs 1%? Is this possible?

apples1

You can purchase a property as tenants in kind or tennants in common I seem to remember. One of those options (can't remember which now sorry) allows percentage shares of ownership. This is separate from the mortgage but means one if you owns x percent & the other y percent of the house.

So if property increase in value you each gain by your percentage.

Not making judgement on whether this suits your situation just trying to answer the bit about owning a property in percentage shares.

getmore4less

antrobus wrote: »

Less tax. £1,000 pounds per month will take you well over the limits for the Rent a Room scheme, so you'll have to include the rental income and associated expenses on your tax return.

Also with 2 lodger CGT comes into play