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Advice on buying a property with a partner who has a smaller deposit

anyotheruser · 2013-11-29 11:07:43

Hi, I am currently a sole home owner and am looking at getting a property with my partner/significant other (SO). We are not married and am not sure where life will take us, but either way I want to be extremely careful from a financial perspective. If we get a property it would likely be as 'Tenants in Common'. Our…

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tBagpuss_2 Posts: 103 Forumite

29 November 2013 at 5:41PM

If you later marry, then you could review and update your declaration of trust and could, if you wish, also have a pre-or post-nuptial settlement.

There isn't an automatic 50/50 split just because you are married - the court would (in he even of any divorce) have to decide what was a fair settlement, taking into account things like the length of the relationship, financial needs and resources etc. the starting point is 50/50 but in some cases (for instance, a very short, childless marriage) the split may be more on the lines of each party taking out what they put in, with any surplus being split.

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Advice on buying a property with a partner who has a smaller deposit

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