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Should my husband contribute to my mortgage
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Then it is reasonable for him to contribute, but you should probably change the calculation on the declaration of trust as if he is paying towards the mortgage he should be accumulating a share in the value of the property not just the profit.CowboyBoots123 said:
both living in this house.MWT said:It is not entirely clear from the first post, but are you both living in the house that you purchased, or is this a 2nd property?If so, who purchased the property you actually live in?
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First question is why does the split matter - if you're married for a long time, then upon divorce a court would decide the split regardless of how much was in each account. However assuming it does matter:
I would think living cost means utility bills AND mortgage interest - the latter is the cost of a roof over his head, and if you were renting then he'd pay half of the rent.
If he also contributed to the mortgage and major works in the house then that's were profits (and capital invested) come into it.0
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