Partner and I planning to buy a house

[sunshinemakesmehappyx]

My partner and I are planning on buying a property next year

I am mortgage free, he has a mortgage, but we are going to pool what we have together and buy outright so no mortgage.

For both of us, we both had very long and unhappy marriages. We both turn 50 next year.
Turning 50 for us is time to draw a line under the past, it’s now time for us to enjoy.

We are both keen to protect what we have going forward, so our children (from our 1st marriages) receive what’s there’s so to speak.

He’s keen for some sort of pre-nup to protect ourselves. This is fine by me, we both got majorly shafted by our ex’s and while we trust each other 100% we also need to protect what we have.

When we buy it’ll be approx paid three quarters by me, 1 quarter by him.

What I’m basically asking is, is there some sort of way to share but also protect what we came in with?

Between us we have 3 children
mine, may possibly move out (learning disabled is an adult) he has x1 adult child and x1 almost adult child who will be with us.

He is keen to ensure his children don’t miss out once he goes, and obv I need to ensure my son is well looked after.

I feel like I’ve waffled on here 🤣🤣
Hopibg someone understands what I’m trying to say!

Once we are living together we will be sharing everything (joint bank etc) but obviously no mortgage to pay, so we’ll have extra to save away

Thank you ☺️

Unless you are planning on getting married you don’t need a pre-nup (and also pre-nup’s are not really a thing in England). If I was you what I would do is just buy as tenants in common and set out your specific shares, so if you are contributing 75% of the cost you own 75%, he contributes 25% and so owns 25%- this protects what you each put in. You can then both in your will’s if you choose give the other a lifetime interest in the property so that if one of you dies the other can continue living there without kids being able to force a sale to access their ££

Buy as tenants in common reflecting your contributions and then make sure you have a good will. Might want to consider each of you having lifetime interests in the home.

Stay unmarried, own proportions of the house, make wills and your inheritance be fine. But will the partner who dies second be fine? Do think practically about this while theres time. Partners are surely also people who deserve thought and love.

I would advise seeing a solicitor you really need to get the stuff sorted out so that each one of you can protect your initial investment and the potential capital gain for your families so important

You need a solicitor to advise you.

As pp said you buy the house as tenants in common and put a deed of trust in place setting out the 75:25 ownership.

You also need a will and LPAs in place. In your will you can choose to leave a life interest to your partner but ultimately your estate goes to your DC.

This will cost but it is worth it to make sure you get it right,