Joint Tenancy or Tenants in Common?

AET2314

Hi,

Looking for some advice or real-life examples...

Bit of background: OH & I have lived together for 7 years, bought our first house together 6 years ago and since had two children, the oldest of which is 3. We are now moving to a bigger house as ours seemed to shrink when the kids came along!

We are not agreeing on whether to be joint tenants or tenants in common. OH paid the original deposit for our current house and I signed a document that agreed he'd get that back before splitting any proceeds upon selling the house if we split. Which I was completely fine with and in total agreement of.

OH now wants 75:25 to him if we split and need to sell the house as he pays more for the bills. What he is not taking into consideration is that I reduced my hours at work to make childcare better but also pay for EVERYTHING for the children (furniture/clothes/toys/nursery fees). If we were to split I will not be able to afford to live in the same area on my own so the kids lives will be completely uprooted as, due to the nature of his work, he can't have them full time.

Any suggestions as to how to manage this? Any experiences similar to share?

Thanks!

Mojisola

AET2314 wrote: »

OH & I have lived together for 7 years,

had two children, the oldest of which is 3.

OH now wants 75:25 to him if we split and need to sell the house as he pays more for the bills. What he is not taking into consideration is that I reduced my hours at work to make childcare better but also pay for EVERYTHING for the children (furniture/clothes/toys/nursery fees).

Any suggestions as to how to manage this? Any experiences similar to share?

He either agrees to joint ownership or you find somewhere to live without him.

These children are his as well as yours!

foxy-stoat

If you have co-ownd for 6 years and being together for 7 then I would like to think it should be 50/50 by now. If not then you may have bigger problems ahead.