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Buying out a partner
Comments
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Noneforit999 said:
My Wife and I own our house together and I put in 80% of the deposit, simply because I had more savings at the time. We were not married and only together for 18 months so it was a risk on my part. If our marriage broke down, she would get 50% of the value of the house, I don't even care about the fact I put in at the start. I also earn 4x what she does so technically I am paying more of the mortgage than her each month but again, that is irrelevant in terms of what she is entitled to.
Why didn't you get a delaration of trust detailing what would happen in the event of a sale based on what deposit you both put in and what percentage of the mortgage payments you were each paying?. I think it's silly to take any financial "risks" when there are simple ways to avoid it.
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