We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Joint house purchase, just not 50/50

Dougalina
Posts: 23 Forumite

Hi all.
My partner and I have decided at long last to sell our houses and buy a joint house. His house is worth almost twice what mine is. I also have two daughters (grown up), and he has no children,
So, we intend to make the property ownership 1/3 mine and 2/3 his. It is important to me that I leave my 1/3 to my kids, via a trust, should I die first.
My question is, should I pay half of all of the fees? (surveys, stamp duty etc), regardless of the ownership split? The same question applies to improvements we make on the house? so if we put in a new kitchen, should I pay half or one third? I dont want to seem mean, but at the same time, dont want to eat up my kids inheritance, when they will only ever get 1/3 of the final value?
I feel very awkward bringing this up, so thought I'd test the waters here first.
thanks for any replies :-)
Dougalina
Ive just realised Ive created this in the wrong sub forum, but I dont know how to change it? Neither of us have mortgages, to be clear
My partner and I have decided at long last to sell our houses and buy a joint house. His house is worth almost twice what mine is. I also have two daughters (grown up), and he has no children,
So, we intend to make the property ownership 1/3 mine and 2/3 his. It is important to me that I leave my 1/3 to my kids, via a trust, should I die first.
My question is, should I pay half of all of the fees? (surveys, stamp duty etc), regardless of the ownership split? The same question applies to improvements we make on the house? so if we put in a new kitchen, should I pay half or one third? I dont want to seem mean, but at the same time, dont want to eat up my kids inheritance, when they will only ever get 1/3 of the final value?
I feel very awkward bringing this up, so thought I'd test the waters here first.
thanks for any replies :-)
Dougalina
Ive just realised Ive created this in the wrong sub forum, but I dont know how to change it? Neither of us have mortgages, to be clear
0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 349.9K Banking & Borrowing
- 252.6K Reduce Debt & Boost Income
- 453K Spending & Discounts
- 242.8K Work, Benefits & Business
- 619.6K Mortgages, Homes & Bills
- 176.4K Life & Family
- 255.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards