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Buying a house in unequal shares
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Whilst I very much dont agree with the overall approach in principle anything that adds value to the property would be shared along the lines of the split. Anything that simply a consumable/cost of living in the property then those are 50/50 (assuming your kids dont live with you).
Cost of buying is 50/50 then and putting on the extension 33/67.
It obviously gets more complicated when someone drops a glass of red wine and stains the carpet... in the equally business nature of the relationship then really the one that caused the damage should cover the full cost. The greyest areas is when you get a faulty tap as that could be basic maintenance/cost of living so 50/50 or could be devaluing the property so 33/671 -
Hi, thanks for all of the replies, it is appreciated.OH intends to leave me all of his estate on his death, as he has no children and not much in the way of family. I think his worry is if we split up (he got severely stung when he got divorced). I dont think this is going to happen btw, but I understand his feelings. He knows that I cant do the same in return, and is happy with that. There will be a trust in place to allow him to stay in the house in the event of my death.
No, we both agree on what improvements need to be done in the house re kitchen and bathrooms.
So, Ive given some thought and as we are going for a 1/3 - 2/3 split, I am thinking that I put in 300k, he puts in 600k (house sales are 350 & 620 respectively). NEw hous is 740k, and the remaining monies once stamp & solicitor & surveys are paid will be the pot for the upgrades. I'm not talking about ongoing maintenance, I'm happy to just split things then (someone mentioned if a carpet gets ruined etc), just the big ticket items which are a major investment.
We would also be seperately liable for our own selling costs (estate agents & selling legal fees),If the pot runs out and we need to dip into savings, then we will have to think again depending on what still needs doing
Does that sound reasonable?0
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