{"id":131581,"date":"2022-11-14T14:00:34","date_gmt":"2022-11-14T07:00:34","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-buy-a-home-together-even-though-it-will-leave-me-worse-off-than-him\/"},"modified":"2022-11-14T14:18:24","modified_gmt":"2022-11-14T07:18:24","slug":"should-we-buy-a-home-together-even-though-it-will-leave-me-worse-off-than-him","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-buy-a-home-together-even-though-it-will-leave-me-worse-off-than-him\/","title":{"rendered":"Should we buy a home together even though it will leave me worse off than him?"},"content":{"rendered":"


\nMy partner and I want to merge our assets but a high mortgage will leave me little for monthly savingsQ My partner and I have a big conundrum and wondered if you could weigh in on our issue before we take the next step. Essentially, we are looking to merge our assets and buy a home together. I own a property, where we currently live, which is worth at least \u00a3550,000 with a mortgage of \u00a3140,000. My partner recently sold his property and so has \u00a3160,000 in cash to put towards the purchase of our new home. He earns \u00a3120,000, while I earn \u00a380,000, and we have been told that together we can get a substantially large mortgage in the region of \u00a31.2m to \u00a31.3m.The issue here is that while I am putting in more deposit, which will mean I own more of the property, I am concerned about a high mortgage being divided equally, leaving me with little savings after payments each month. Whereas my partner, who earns more, will have substantially more left over. AS Continue reading…
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\nSource : theguardian.com
\nRead more…Should we buy a home together even though it will leave me worse off than him?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My partner and I want to merge our assets but a high mortgage will leave...<\/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-131581","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-yeh","jetpack-related-posts":[{"id":35638,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-costs-and-tax-are-complicating-our-move\/","url_meta":{"origin":131581,"position":0},"title":"Mortgage costs and tax are complicating our move","date":"November 24, 2016","format":false,"excerpt":"\r My partner\u2019s CGT liabilities from selling his rented property plus divorce-related debt may leave us little for a new place \u2013 have I got the numbers right?Q I am writing in utter despair and I am hoping you can help. My partner owns a house that he has always\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98435,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-my-ex-partner-get-a-mortgage-deal-so-she-can-stay-in-our-house\/","url_meta":{"origin":131581,"position":1},"title":"Can my ex-partner get a mortgage deal so she can stay in our house?","date":"September 24, 2018","format":false,"excerpt":"\r She doesn\u2019t have funds to buy me out and couldn\u2019t afford to pay the whole mortgageQ My partner and I bought a house together as tenants in common with a four-year fixed-rate mortgage. The house was \u00a3370,000 and the deposit was \u00a3150,000 which I had inherited on my dad\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-a-good-idea-to-port-my-mortgage-to-buy-my-partners-home\/","url_meta":{"origin":131581,"position":2},"title":"Is it a good idea to 'port' my mortgage to buy my partner's home?","date":"December 16, 2019","format":false,"excerpt":"\r Our plan is to sell my house, move into hers and then sell that and buy one togetherQ My partner and I both own our own homes but we\u2019re planning to move in together soon. Our plan is for me to sell my house, then move in with my\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-buy-a-house-in-my-name-but-put-my-partner-on-the-mortgage\/","url_meta":{"origin":131581,"position":3},"title":"Can I buy a house in my name but put my partner on the mortgage?","date":"July 13, 2020","format":false,"excerpt":"\r I\u2019m worried we won\u2019t be eligible for the stamp duty cut as my fiance owns a flat he can\u2019t sellStamp duty: what is it and what has the chancellor changed?Q I live with my fiance, who part-owns a one-bedroom flat in south London through a shared- ownership scheme. He\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-want-to-get-a-lodger-will-our-mortgage-rate-change\/","url_meta":{"origin":131581,"position":4},"title":"We want to get a lodger \u2013 will our mortgage rate change?","date":"September 22, 2016","format":false,"excerpt":"\r My partner and I have signed the mortgage offer on a two-bed flat, but have yet to tell the lender our rental plansQ I am about to buy a property with my partner and have agreed and signed the offer on a fixed-rate mortgage. We are buying a two-bedroom\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-can-i-buy-my-partner-out-of-our-shared-property\/","url_meta":{"origin":131581,"position":5},"title":"How can I buy my partner out of our shared property?","date":"December 5, 2012","format":false,"excerpt":"\r Q My partner and I split up a year ago. We jointly own a house worth about \u00a3400,000 with an interest-only mortgage of \u00a3242,000. My ex paid half the mortgage until the rate doubled after our cheap rate finished, so since August I have paid it on my own.We\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/131581"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=131581"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/131581\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=131581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=131581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=131581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}