Hi All,
So me and my partner got married back in July. We are looking to purchase our first house (first time buyers). I will be putting up around £30k of the deposit whilst my partner cannot afford to contribute no more than a grand or two.
I brought up the uncomfortable conversation of getting a deed of trust signed, to say who put what into the house deposit, and how the house should be split if the worse was to happen (I'd get back my £30k and we would split the rest of the house equally).
What position would I be in legally if my partner did not want to sign this trust deed for whatever reason?
Assuming all mortgage payments, bills etc were contributed equally by us, and assuming no kids, what would happen in the unfortunate event that we split up? If we split up within 6 months of buying a house, would I then lose 50% of my deposit I put in?
What if we split up after several years?
Any help would be appreciated!
Thankyou
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Divorce/separation
Newly Weds - Buying house together - Trust of Deeds on Deposit
14 replies
VD123 · 28/08/2019 11:10
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