Joint tenants/tenants in common?

tlc678910

Hi,
I think it is tricky to iron this out in the current scenario where your partner puts in more. I agree with the suggestion of Sophie above that you should both put in an equal amount and own the property equally. Ask your partner to leave his extra equity in his buy to let or investments. This might mean you have to buy a cheaper property but you will be equal. Perhaps in the future you will be in a place where you put everything in the pot for a dearer property with both of you happy it is joint but for now this is not the case.

As equal owners whether you buy as joint tenants or tenants in common depends on if you would want the other to inherit it on your death or would prefer to nominate someone else.

If your dad will be happy to do work for you both (as equal owners) around his own work and with you both labouring/painting then that is great. If your dad will miss paid work to do your work I think you should pay him at least mates rates unless he can genuinely afford to not earn. Perhaps you would be more comfortable with you both benefitting from your dad's work if you are equal owners.
Good luck
Tlc

seven-day-weekend

Tenants-in-common, unequal shares to protect his larger deposit. Then sort out separately your dad's payment or lack of it.