Different deposit amounts

[goingonabearhunt1]

Just wondering about having different amounts to contribute to the deposit (or even deposit is all from one side). I've heard 'Tenants in common' is the legal way to record this but I just wanted to what ppl think is fair as well as sensible. Unmarried btw if that affects the answers.

Any children? Any reason why one person has significantly less deposit? Were deposits saved whilst you were together?

Deposit to buy? You need a deed of trust drawn up. Costs about £250.

We had one as our deposits were £45k from me and £25k from him. If we sell, I'll get my £45k back, he'll get £25k back and then we'll split the rest 50:50 as we pay equally to the mortgage.

Your solicitor can help you with this. If you get married, it ceases to be in place but you can get another drawn up.

Deposit is from an inheritance on one side. No kids or plans to have any.

There are several ways to work this. You need a deed of trust to formalise it.

A - Initial deposit back - then any equity in addition is split 50/50 if you've both been paying mortgage

B - Initial deposit back PLUS a return on that deposit in line with house price inflation (or a neagitve return if HP deflation...) - then any additional equity split 50/50 if you've both been paying mortgage.

I do not believe that it is right to just get your initial amount back, you shoudl be compensated with a return on your investment.

Some complications e.g. if the non-deposit party has the better paying job/secure ob so enables the couple to access the mortgage that they wouldn't otherwise have access to.

Right so in your case the person with the deposit should get protection in place. And I'm with serbska - Initial deposit back PLUS a return on that deposit in line with house price inflation (or a neagitve return if HP deflation...) - then any additional equity split 50/50 if you've both been paying mortgage is the fairest way.