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AIBU?

House deposit

5 replies

Saju1 · 29/09/2022 12:37

I have sold my house (bought with sister) and will be getting 40k, so I will use this amount as a deposit for a new home with my DD, he only has 15k.

should I only put 15k towards deposit, or my 40k?

OP posts:

Am I being unreasonable?

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mamabear715 · 29/09/2022 12:39

My gut reaction would be the 40K but get it all detailed legally so that if things ever go pear shaped, you get your investment back. I'm sure people on here who are wiser than I / are solicitors, & will put you right!

IamSmarticus · 29/09/2022 12:59

Well you'd get a bigger house with a 55k deposit than you would with 30k. Or need a smaller mortgage on the same sized house.

yikesanotherbooboo · 29/09/2022 13:58

Put it all in but have your percentage ringfenced .

candycaneframe · 29/09/2022 14:03

I'd put in the 40k and have a declaration of trust written up

WhatLikeItsHard · 29/09/2022 14:04

Get a deed of trust to say that if you break up and sell the house, you get your 40k back.

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