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Setting up a pre house buying contract - what sort of Legal advise do we need ?

27 replies

KatyMac · 18/08/2021 11:51

2 young people
One is buying the house outright, the other living in it

We need to protect the capital so if the other moves out it's not shared out

What sort of contract/agreement is needed

OP posts:
Collaborate · 21/08/2021 09:20

@RainingYetAgain

Interesting comments about pre nups. We are giving DS cash for a house deposit took advice on him being able to ensure that he would be able to protect it if he were to marry. Solicitor said Pre nup cannot be enforced in the UK. Interestingly they have sent out one of their periodic newsletters where this is mentioned. Although they go on to say, that if they meet certain criteria they should be a factor when dividing assets .
Pre nups are enforceable in England & Wales if done properly.
NoWordForFluffy · 21/08/2021 12:24

@Aroundtheworldin80moves

Her boyfriend will be benefitting by not paying rent, and do building up his own savings.
Yes. This is what makes it equitable. He doesn't need considering in relation to the property itself (other than any legal agreement to confirm he has no future claim on it).
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