DP and I tried to buy a house together but we got rejected for the mortgage because I am a student and have a credit card. He was advised to apply soley in his name to see if it was me that was causing the rejection and he was accepted for the mortgage straight away. But of course, that now means I have no legal entitement to the house despite the fact that I will be paying half of everything (apart from the deposit, he laid all that down and I have no interest in claiming half of that, I'm not a gold digger).
So anyway, I was advised to go for a deed of trust. Anyone know anything about this and can the 'online applications' be as legally binding as going into a solicitor to get one done? they cost around £150 online so I want to make sure they're ok and not the equivalent to writing our names on the back of a crisp packet.
I'm not an expert so I hope someone will come along soon.
My DP and I have recently bought a house together as "Tenants in Common" as we have unequal shares in the property. My DP has got a mortgage in his sole name but our joint names are on the deeds and we have set up a Deed of Trust stating the percentage he owns and the percentage I own, which we would get back should we sell in the future. My conveyancing solicitor (Premier Property Lawyers - online) dealt with it during the purchase of our new home, though the cost was a little higher at £250 ish.