Property News · November 10, 2016

How can we calculate what we have each contributed to our house?


My boyfriend and I are both responsible for the mortgage and upkeep of the property, but keep arguing over what our shares areQ In 2007, my boyfriend and I bought a house together for £257,000 plus fees. At the time, I put in around £66,400 and he put in £20,300. Our initial interest-only mortgage was £180,000 plus the arrangement fee of 781.88, which was added to the loan.We would like to draw up an agreement that reflects our different shares in the property as I feel it is important to reflect money invested initially. However, there have also been further investments along the way – for example, I recently paid £45,000 for the loft to be converted – and we are having difficulty working out what counts and whether the time of contribution makes a difference. Continue reading…

Source : theguardian.com
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