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How to protect equity from house if we rent for a while

1 reply

ProtectMyself · 27/09/2024 14:52

We have sold our house (pending the solicitors part) but can’t find an onward purchase. We are relocating so we think it might be better to rent for a while.
The question is, if we do that how can I best protect the money from the equity in the house?
All men are the good guys until they are not, so I want to protect my future and make sure the money is only accessible by both of us authorising any withdrawal rather than DH potentially emptying the money for himself. We don’t currently have a joint account so I don’t really know how it all works. What sort of account would I need where we both have to sign withdrawals off?
Any advice greatly appreciated.

OP posts:
Bjorkdidit · 27/09/2024 20:06

You could put it in a notice account or fixed rate but then you might become unstuck if you see a house you want to buy.

But can't you not just put it in a savings account and agree not to touch it because it's your house equity?

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