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Trying to mediate a house purchase

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Comments

  • parkrunner
    parkrunner Posts: 2,610 Forumite
    Eighth Anniversary 1,000 Posts
    I agree with the husband, but I also agree the marriage won't last long.
    It's nothing , not nothink.
  • steampowered
    steampowered Posts: 6,176 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If the wife would struggle to afford this mortgage - perhaps it makes sense to agree an unequal split of the equity according to what they pay towards the house?

    e.g. the husband pays 50% in cash, the husband takes a mortgage for 25%, the wife takes a mortgage for 25%?

    The husband would then get 75% of the equity and the mortgage cost can be split evenly.
  • Marvel1
    Marvel1 Posts: 7,512 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The guests wasted their money on the wedding.
  • cloo
    cloo Posts: 1,291 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    That's *very* odd. I brought the entire deposit for both places my husband and I have owned, though I earn far less (I had capital from inheritance), he pays more into the bills account (that includes the mortgage) and we've never considered if anyone's hard done by. On the ownership, I own 70% and he 30% (I offered him a larger share on current home, but he didn't want it). Honestly, you have to let go of being precise with these things!
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    cooltt wrote: »
    Anyone else want to give 2 pennies?

    Cannot be bothered to read all the thread but if this is the way they want to proceed then go for it....bear in mind that if the husband buys a multi packet of Quavers, suggest the Wife doesn't eat any without paying the husband for it...likewise loaf of bread etc etc
  • AndyTails
    AndyTails Posts: 153 Forumite
    The "true overall cost of property" is purchase price plus solicitors fees plus stamp duty.

    The mortgage arrangement fee, lender's vaulation fee, and mortgage interest are all costs of finance, not the cost of the property. If the wife wants it to be 50:50, then the cost of her finance is a cost to her.

    But I agree with all the posters that this doesn't sound like a normal marriage to me...
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