{"id":124492,"date":"2022-02-07T14:00:06","date_gmt":"2022-02-07T07:00:06","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-bought-a-property-with-a-friend-how-should-we-split-ownership\/"},"modified":"2022-02-07T15:09:46","modified_gmt":"2022-02-07T08:09:46","slug":"i-bought-a-property-with-a-friend-how-should-we-split-ownership","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-bought-a-property-with-a-friend-how-should-we-split-ownership\/","title":{"rendered":"I bought a property with a friend \u2013\u00a0how should we split ownership?"},"content":{"rendered":"


\nWe originally divided it to reflect our uneven deposits, but now I\u2019ve paid to renovate a bathroomQ In May 2018, I bought a property with a friend. His deposit was larger than mine although we split the mortgage equally. In the deed of trust that we signed we agreed a breakdown of ownership between us of 56% (him) and 44% (me) to reflect the uneven deposits.A year ago we had a bathroom renovation which I paid for with the agreement that we would change the percentage of ownership. Now that it\u2019s complete we can\u2019t work out a fair way to calculate what the new breakdown should be. Can you help?ABA I don\u2019t think I can because I don\u2019t think that paying for a bathroom renovation changes the ownership breakdown. If you had paid for an extension to be built or had a loft conversion done, it would make a difference. According to Andrew Boast, the co-founder of the house-moving experts SAM Conveyancing, \u201cmore living space, more value\u201d. \u201cReplacing a kitchen or bathroom,\u201d says Boast, \u201cdoesn\u2019t increase current market value\u201d but it does improve saleability of a property and increases the chances that \u201cfull asking price is achieved\u201d. Continue reading…
\n
\nSource : theguardian.com
\nRead more…I bought a property with a friend \u2013\u00a0how should we split ownership?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We originally divided it to reflect our uneven deposits, but now I\u2019ve paid to renovate...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124492","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wnW","jetpack-related-posts":[{"id":142268,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lawyers-loved-ones-and-stupid-fights-the-perils-of-buying-a-house-with-friends\/","url_meta":{"origin":124492,"position":0},"title":"Lawyers, loved ones and \u2018stupid fights\u2019: the perils of buying a house with friends","date":"February 9, 2024","format":false,"excerpt":"\r For single Australians, teaming up with a friend or relative might be the only way onto the property ladder. 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