Buying a house with an ex as an investment good idea?

[Bitsandthebobs]

Has anyone had experience with this /advice please?
We have decided to call time on the relationship as we can no longer live harmoniously together under the same roof for starters.
Ex is desperate to get himself on the property ladder . We currently privately rent the house that he would like us to purchase together.
I own a property 3 hours away from where both children go to school.
He wants me to sell my property and put all the equity (200k)into buying this house with him where he shall put down 15k.
He tells me something will be drawn up where we shall sell in 5 years when the kids finish school and I’ll get my 200k back and split the profit .
Is this the most bonkers idea or would you consider it ?

I would not consider it no. Too much could go wrong.

Not unless you want to make yourself homeless while he lives in a house you have paid for. Someone on here gave some great advice recently that I am pinching. Make decisions that your future self will thank you for. Where will you be financially in 20 years? It is more likely that he will continue to earn and improve his earning potential and it is more likely (sorry) that you will hit mid-50s and find your career stalls.

Bonkers idea! Where will you both live for a start?

Absolutely no

You’re splitting up, remember

You need your assets for your future

Not as an anchor to an ex

As your DC are settled, I suggest you use the rent from your house to rent somewhere suitable where you are. Then take stock about your plans for the future. When you sell your house and where you buy with your money are your choice and should not be influenced by an ex, no matter how desperate they are.

Why oh Why would you do this? What value, emotionally and financially is there in it for you and your child?

If, for whatever reason, you decide to give this even a second's thought YOU go and see a solicitor on your own. Don't tell your partner about it. I'm assuming you are partners and not husband and wife? Also that the "something will be drawn up" is a Deed/Declaration of Trust" - which still doesn't mean everything will be such smooth sailing emotionally or financially when the time comes to separate your finances again.

This is a very unequal thing your Ex is asking you to do and I'd not touch it, personally.

You protect yourself - Get a clean break ASAP OP. 🌹

Thankyou so much for the helpful replies
growinggreyer... I think you could be spot on there .
iVampire ...unfortunately the rental income doesn’t cover anything this end locally & I don’t earn enough to qualify to rent privately on my own ..but thanks for understanding re the DC as I can see how it would look so obvious to move 3 hours away to the property I own .
Lightsabre... he says he’ll rent somewhere on his own apparently .
Think I’ll need to get mine sold and try and get a new place for myself and the kids as close to the school as my funds will allow.

Thanks Happnow001
I’m glad I posted as it’s hard to see the obvious sometimes when you’re actually in the situation x

I had a conversation with my financial adviser the other week about a similar scenario, (buying an investment property with a married sibling). He's a very optimistic person generally but is very good at getting you to think through the consequences of the 'worst case scenario'.

In my case he asked me to consider what would happen if my sibling died and I was left owning a half share of a property with my SIL or if they both died, some random members of her family. It could get messy!

I know its not something anyone really wants to think about, but it needs to be considered what happens to the assets in the case of an untimely death and who inherits the 'other half' of your jointly owned house.