Investing in partner's mortgage

wondercat

Hello,
I am about to invest a lump sum into a property that is being financed via a mortgage paid by my partner. I will not be named on the mortgage. My investment is 10% of the purchase price - the deposit needed for the mortgage - £23,000.

I wondered if anyone has done something similar and how you arranged this?
The mortgage company needs the deposit to be shown as a "gift" and I will therefore need to set up a "deed of trust" with a solicitor to set out what I have paid and what is owing to me - a) should we decide to sell the property after 2 years, 5 years, 10 years etc. The morgage itself is a 19 year repayment mortgage.

I am not sure what my investment will be worth to me - not just 10% as at the beginning I am the only one of us who has any capital in the property, but I am unsure how to go about setting a figure for it's value after a period of years . This is obviously assuming the property value increases at a certain rate - I have not considered otherwise!
The property is in Brighton.

I've been googling but unable to find anything of use so far.
Thanks in advance for any help!

dimbo61

So you are putting down 10% deposit which is £23,000.
Who is paying the stamp duty, legal fees, survey, mortgage fee, etc ?
When you sell you get the first £23,000 or 10% of the sale price ( which ever is greater)
After the mortgage has been repaid.
Who is paying the £207,000 mortgage each month ? 50/50

TrickyDicky101

If you sign a DoT then surely the £23k will not be considered a gift? What has your solicitor advised?

Pixie5740

A gift is a gift, you can't ask for it back further down the line. If you sign a document for the lender declaring that it's a gift you can't then sign another document saying it's an investment.

Will you be living in the property? Is there a reason you're not applying for a joint mortgage?