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Couple buying house..problems.
ipri
Posts: 649 Forumite
Daughter moving away to move in with boyfriend. He has his own place. Planning to buy together later. I assume he will have money from house sale for deposit, whilst daughter ...probably not. What sensible action can they take to lessen problems in the event of a breakdown in the relationship further down the road? thanks
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Comments
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If he wants, they can get a solicitor to write up an agreement that if they break up, he gets whatever he puts down as a deposit back first, then any additional equity is split 50/50.
It's up to them though.0 -
When my boyfriend moved in with me, I had my house re-valued so if we did split up, he would then be entitled to half of what the house had increased in value by. E.g. if he moved in when it was worth £100k then left when it was £120k he would be entitled to £10k minus all solicitor bills etc.
It depends if your daughter will be helping contribute to the mortgage. If she's living there similar to a tenant then it's different. I'd suggest getting advice from a solicitor and getting things drawn up which suite them both.0 -
Joint property ownership is more of a commitment than marriage.
Are they that committed to each other?
If the choose to own as 'tenants in common' they can draw up an agreement stating who owns what % etc
See:
https://www.gov.uk/joint-property-ownership/overview0
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