We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Filling out form
plasmarb
Posts: 96 Forumite
Hi
I'm buying a property with my wife, on the paperwork it asks do we wish to hold the tenancy joint or common equal shares. What's the difference?
I'm buying a property with my wife, on the paperwork it asks do we wish to hold the tenancy joint or common equal shares. What's the difference?
0
Comments
-
Joint tenancy means should one die the other will automatically acquire the property.
If tenants in common you both own 50% of the property and your share will pass onto your next of kin.I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0 -
Hi,
my guess would be,
joint - married couple,
common - living as a couple,
but wait for a more knowledgeable reply.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards