Tenants in common or joint ownership - impact of redundancy

[portico]

Apologies, but I posted this in wrong thread.

Please explain, tenants in common or joint ownership. We are a married couple buying our second home, which do I choose?

If we choose tenants in common, can we choose say a 90% share in my favour. I ask as husband in a white collar role that could be subject to redundancy at any time. Therefore, only 10% of the house would be in jeapordy if he was made redundant.

What do you mean about it being in jeopardy? If you default on a joint mortgage you are both liable.

That's not how it works. The difference is usually down to what happens on death - as JTs it goes automatically to the other JT. As a T in C, you can pass your share on to children etc.

Ownership is separate to mortgage. If you (as a couple) don't pay the mortgage, assuming you have a joint mortgage, the lender will repossess it and sell it to pay off the mortgage. Once the mortgage and selling costs are paid, in your scenario, you'd get 90% of anything that's left over, your H gets 10% (rather than 50/50). Owning as JTs or Ts in C doesn't really "protect" anything in the case of redundancy.