Property ownership split

Jd843

Hi, 
Can anyone offer any advice on the following situation?
Person A and Person B are married.  Person A has enough money to buy a house in cash/without a mortgage (let's say it's an inheritance), which the couple then move into together.
Their wages are paid into a joint bank account, used for all bills and day-to-day spending, although Person B earns more than Person A. In other words, there is no "my money" and "your money", just "our money". 
So, although it was only Person A's money that bought the house, Person B will contribute more to household bills and other expenses over time.
What do you think would be the most fair way for the ownership of the property to be split?  A (floating) deed of trust? 

getmore4less

Easiest for B to owe A half the money and own the house 50:50

Then they split everything 50:50 and B pays back the debt over time with their excess income(effectively making the incomes the same).

Jd843

getmore4less said:

Easiest for B to owe A half the money and own the house 50:50

Then they split everything 50:50 and B pays back the debt over time with their excess income(effectively making the incomes the same).

Interesting.  How would that be set up?  Through the conveyancing solicitor or separately? And does that mean they could be joint tenants rather than tenants in common?

getmore4less

Joint tenants is only really for the death situation as that means survivorship.

You can still have a deed of trust or other arrangements for the value of the property or a debt  for the go separate ways scenario.

Simple loan arrangement with a charge,  that what regular lenders do.

Remember that being married has its own rules for these situations where  assets are concerned.