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First Time Buyer feeling overwhelmed!
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I bought my first property on my own in 2010 (I had been with my then girlfriend for 6 months and she wasn't ready to buy). To make things simpler, I have paid for everything to do with the flat. When I took out the mortgage originally and remortgaged, the mortgage company asked her to sign a declaration stating that she had no financial interest in the property.
To help with point 4, we agreed that she paid her "rent" into a dedicated savings account. That way, if we ever broke up she would have the money to be able to move out and either buy or rent a place. If we stayed together (which we have done), that money can either be used to overpay the mortgage or as her half of the deposit for a property that we buy together.1 -
I’m buying a property with my partner and also work in the nhs . Having him on the mortgage gave me more breathing room as we could go to 100 thousandS area. I can’t remember the exact figure.We have been together a year and buying the house together as we have a really good relationship. I am more secure In my job and I could probably just afford the bills if he were to struggle to pay due to his job. He is currently furlonged and it’s not great as he could be out of work for long time and he isn’t allowed to get another job.Mortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £58,108
Cc around 8k.0 -
We bought a house for 83,500 with a 10% deposit which is my savings. He has agreed to pay me half of that in doing up the house.Mortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £58,108
Cc around 8k.0
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