We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Need some advice on selling my home.
AdamPD
Posts: 217 Forumite
Hello there
I have a question with regards to selling my home, which I coown/share with my father and uncle
The house is owned as Tenants in common and all three of us are on the deeds and mortgage
There is no trust deed setup for who owns which share
When purchasing the house, my father put down a £40,000 deposit
My question is this
If we sell the house, how is the equity divided?
Is it split evenly between the three owners? or does my father get his original £40,000 share, plus a third of the equity?
If you could get back to me, I would greatly appreciate it
Best regards and many thanks
I have a question with regards to selling my home, which I coown/share with my father and uncle
The house is owned as Tenants in common and all three of us are on the deeds and mortgage
There is no trust deed setup for who owns which share
When purchasing the house, my father put down a £40,000 deposit
My question is this
If we sell the house, how is the equity divided?
Is it split evenly between the three owners? or does my father get his original £40,000 share, plus a third of the equity?
If you could get back to me, I would greatly appreciate it
Best regards and many thanks
0
Comments
-
Restarted as https://forums.moneysavingexpert.com/discussion/4053521
Please reply on the other thread.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards