Property News · October 9, 2017

How do we register a property paid for with unequal deposits?


My wife has contributed more to the deposit than me, but going forward we’ll split everything 50/50Q My wife and I have just bought our first property together. We both agree tenants in common is the way to go, but cannot work out the wording/equation for the legal document that allows for the “live” proportional representation that we believe will be fair (happy to be corrected). My wife put £63,500 in cash towards the purchase, while I contributed £26,500. We have agreed that we will pay off the mortgage and pay for improvements and/or repairs on a 50/50 basis. Continue reading…

Source : theguardian.com
Read more…How do we register a property paid for with unequal deposits?

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