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Lend 14K to Partner & Me

g60racing Posts: 29 Forumite

19 January 2007 at 3:34PM in Loans

Hey,

I am about to buy a house where I have put down a deposit and my partner has put down none.

I wish to setup my Mortgage deposit as a loan that is only payable on Sale of the house. We may even get married in a number of years so would then cancel this joint debt.

The loan needs to be from me, to my partner and me. Can I lend money to myself?

The reason for this is so that once the mortgage is paid up this loan should be paid off before we split the profits of the house.

I believe I have found a place that has a relevant form to set this up http://www.lawdepot.co.uk/contracts/loanagree/

Any advice would be gratfully recieved, these are great forums and I have been lurking for a while and have found it to be very infomative.

This discussion has been closed.

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Lend 14K to Partner & Me

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