Tenants in common ownership split

manc1

Thanks for the info.

getmore4less

Not enough information

What was the value and mortgage left at the time you started paying for a share?


building an example you will need to provide more info and actual numbers

you can ignore the bills it is just the purchase costs that build equity.

Shares at purchase

£178,500, purchase OH owns 80% HTB 20%
£30k( 16.81% deposit), £35,700( 20% HTB) £112,800( 61.39% mortgage)

We now need the value at 2 years and the outstanding mortgage

using a guess for the mortgage 2.5% £500pm that would leave £106,300

if we say the house was worth £180k(recover the new build premium + a bit.

if you bought in at that point you own 1/2 the mortgage worth £53,150/£180,000 = 29.53%


if you remortgage to pay back the 20% HTB you get 10% of that so your share would be around 40%


depending on the value at 2 years and the outstanding mortgage at that time it will be a bit more or a bit less.





once married it won't matter.