Joint house purchase Deed of Trust

Let_Us_See

antrobus wrote: »

If you are buying a house to live in, you are looking at a long term investment.

Disagree. You are purchasing a main residence that you hope will increase in value.

Thrugelmir

antrobus wrote: »

The solicitor's suggestion is more complicated and less clear, then the OP's suggestion of using a straightforward 77%-23% apportionment of the equity.

Is the mortgage going to be paid 50/50?

Are all household expenses going to be paid 50/50?

Mortgages are a joint liability as well.

antrobus

Let_Us_See wrote: »

Disagree. You are purchasing a main residence that you hope will increase in value.

Wouldn't that be just another way of saying that the 'investment' was long term rather than short term? Which was the point I was making.

Thrugelmir wrote: »

Is the mortgage going to be paid 50/50?

Are all household expenses going to be paid 50/50?

Mortgages are a joint liability as well.

Well the OP does state "We will split the mortgage (of £105,000) 50:50", so the answer to your first question would be 'Yes'. As to your second question, I'd guess that the answer would also be 'Yes', but I don't really know, only the OP can say for sure.

All I would say is that, I can see where the OP has got their 77-23 split from, that it seems to take account of both party's different contributions, and that it seems 'fair' to me. Other opinions are also available.:)