Buying house together, what happens to previous asset?

Noctu

Timmne wrote: »

Yeah I see that - hopefully you will see why I have my view and where I was coming from.

Yours is an interesting point where you say he's not bothered (it's usually the one with the money that's worrying) - if he's not bothered, why are you? When I moved in with my GF I paid thousands in fees and deposit etc but I son't see our relationship as separate, what's mine is hers and vice-versa.

If you start saying that you owe him £6k now, where does that leave you when (if) you have kids, who pays for the retirement coach trips, who pays for the broken down, shared car? Surely £6k will disappear soon enough into the scheme of things - pretty much as Belfastgirl above says....

I see where you're coming from. To be honest, I've never done anything like this before and just wanted to do it "right".. but hadn't taken into consideration everything else that might happen.

Running_Horse

Why worry if he's not. I brought £120000 equity to the relationship and a redundancy package, she brought our beautiful daughter and lots of love (and potential to earn more than me). It never occurred to us that we were anything but equal partners. Stop worrying and enjoy your lives together.

lisa76

When my ex and I bought my current home, he put in 20k from his previous home and i brought in 70k. We have now split up and he gets 40% equity from this home, regardless of the amount we put down in the first place. The only way you can safeguard assets brought in is by having some kind of pre-nup drawn (or similar). But as you say you do not intend to split up, and I don't regret not having one drawn up, it's just the way things go.

Do not let it bother you, each will bring there own things to the house and the future of your relationship BUT if it does bother you I would get an agreement drawn up - either unofficially (ie between yourselves) or officially through a solicitor