MONEY MORAL DILEMMA: Should Liam roll with it?

esthomizzy

They both need each other. Noel presumably can't buy a place without Liam and if Noel asks for a bigger stake just for a bit of extra effort as a oneoff then Liam is within his rights to tell him to get lost. Noel didn't have to do all the work he could/should have made Liam pull his weight. Trying to distort the shares unequally is a massive headache anyway. Supposing they did would they pay equal shares of the mortgage or unequal?

They should stick to equal and make a proper negotiated document agreeing various things about living together. Eg What happens if either wants to sell/move a girlfriend in/redecorate/whatever.

Dutchie71

ken_1969 wrote: »

Financial !!!!!! is valuable at the end of the day, but if you need cash to make an investment then you need to treat your investors according to the cash they pay, not necessarily the financial expertise they bring to the table.

You mean financial nous and not !!!!!!! A !!!!!! (slang) is a sexual offender according to Wikipedia!

Anyway, apart from the little slip up, I totally agree with your response.

needmoney

I'd never partner up with him in the fist place, but yes Noel should get a bigger share and that bodes for future disagreements.

My best advice would be pull out and go it alone.

scorchio75

If it (the larger stake) wasn't agreed at the outset, then I think Noel should go 50/50...but he should make sure that he gets the best bedroom!

Gordon861

Equal partners is what was agreed and they should stick with it.

If they are going to start having problems now they shouldn't be buying a house together, as it will get worse when they go to sell it.

The only perk he should get for doing all the leg work is first choice of rooms.

JayD

Well, there must have been some form of agreement in place as to who was paying what etc before all this house hunting started - and it sounds as if the agreement was 50/50 down the middle re deposit and stake. As has already been said, Noel knew what he was taking on with his brother from the outset - which is why he has probably done all the research, legwork, negotiating all along. He obviously needs Liam's 50% cash input, so he doesn't really have a choice. But hey, I would not have gone 50/50 with anyone who didn't at least take an interest in the property during the search! It was down to Noel to find a better housemate from the start.

tallgirld

No he shouldn't get a bigger stake!!! He shouldn't of done all that work if he knew it was gonna *** him off.

He should just buy the property on his jacks!!

pompeyrose

Noel should go 5o/50 or pull out thats not what familys r about . liam could lose respect for noel and wouldnt trust him again.

lamp

Doesn't matter how useless Liam is. 50/50 all the way if equal money is going in. It's a rather grey area to swap favours/gruntwork for money unless it's a business. Perhaps Noel can remind Liam all the hard work he initially put in when it comes to DIY/housework!

P.S. I assume Noel couldn't have bought a house with Liams stake, so the lazy so and so is doing something useflu

cm233lh

They should not do this deal. Full stop.

1. property is on the way down. Wrong time to buy. It'll be cheaper to rent a bedsit (share the rent if they want).
2. sharing a long term investment with someone other than your spouse or civil partner is a mistake. What are you going to do when one wants to sell up and the other doesn't? Especially if you get into negative equity teritory as we saw in the 1990s.

Sharing living accomodation is hard work at the best of times. If you've tied up your life's savings and all your credit worthiness in the arrangement you're going to fall out. Just don't do it!