Making uneven mortgage repayments as a couple

seegoon

Hi people - I'm looking for advice regarding how my partner and I should go about repaying our mortgage.

My girlfriend and I are in the process of buying a house and have had a mortgage agreed with Santander. From the offset, the split of the deposit is such that I am contributing about 65% of it and she is contributing about 35%. In total, the deposit amounts to about 40% of the value of the home (meaning an LTV of 60%). However, she is on a better salary than I am, so is in a position to repay more mortgage on a monthly basis than me. We want to reach a point where we are 50/50 owners of the house as soon as we can, and we want to be joint tenants rather than tenants in common, if possible.

This raises the question of whether it's possible to be joint tenants from the outset, despite initially having put in separate amounts of money. It's not financially plausible for us to get to 50/50 total investment in the property over the five-year term. Is this something a cohabitation agreement can cover? And if not, is this something our solicitor would be able to help us with? And if this isn't something a solicitor can help with, can anyone recommend who we should go to?

I'm sure I'm asking dumb questions here, but we're first time buyers and a bit bamboozled by it all.

getmore4less

You can start as 50:50 equity.

Just split the mortgage to make it equal.

The debt you service covers the equity you buy.

65% of 40% is 26% of the equity 35% of 40% is 14%

The 60% mortgages you split it 40% 60%

you then own the house 50:50 and the debt 40:60

any overpayments you do at the debt % and any house stuff 50:50

If you sell you get 50:50 and then pay off your share of the debt.