Tenants in Common when one is putting down a big deposit and the other is not.

[Tinker]

Partner and I are buying a house together. The deposit comes from the sale of my house.

We need to buy as Tenants in Common and provide a %age split for any future resale. Obviously, once move in, any gain (!) will be split 50/50. So, how do we reach a %age figure?

I know we need to make a will to ringfence my deposit in case we split and to stop stroppy eldest daughter (mine) demanding partner sell up in the event of my death.

But, am not sure about this bit for the contract.

Oh, thank you. Yes option 2 = fairer since without my deposit couldn't buy said house.

Just avoided x-posting with Irishbird... Was going to suggest the second option in order that you secure the benefit of the increase in value of your deposit. Am not sure where the best place to document this is though. You'll need a legal brain for that.

Brilliant. Calculator out this weekend then.

Prefer irishb's fairer option because of your return on your deposit. To ignore that isn't fair on you.

I think it should only be 50% if you both continue to pay the mortgage though. What if he refuses to work for 5 years and you pay 100% of the mortgage?

Also look at proposals cohabitants will get some rights similar to marriage which you can exclude so the plan says) if one gives up a career or you have children. I don't know if you can anticipate that change and opt out of it now before it's in force though.

Also as you've put in more than him may be if you want to sell you get the right to order that even if he doesn't want it and each can buy the other out and if not then you both have to sell.

Thanks Xenia. We both plan to continue to work so will split mortgage payments 50/50, I think.

Need to make a will re forcing sale of house issues.