Who owns which percentage of your home?

[Happinessss]

My partner and I are in the process of buying our first property. We are not married. We now must decide if we want to be joint tenants or tenants in common, and how to divide the % of ownership. For the fees and deposit, he is putting 70% and me 30% of the money, we then plan to pay 50% each for furniture and monthly payments. Our day to day expenses come from a shared account in which we both put 40% of our salaries, but we are planning to leave that separated from the ownership of the flat.

How do you do divide the ownership of your home?

It sounds like you need a declaration of trust to allow you to put in more detail than percentages.

Your conveyancer will be able to do it.

We did the trust. It worked fine.

We both own same amount he had more deposit as earns more but luckily happy that all money we earn is ours

We got married 7 monthS after moving been together 11 years x

We just own 50/50. Family money, family home, jointly ours.

We're joint tenants.And had shared money pre-marriage already as we knew we were going to be together.

I would also think a declaration of trust is needed. If you are paying the mortgage equally then any future increase in value or increase from reduction in outstanding debt needs to be shared. However your partner is reasonable to want to protect his larger deposit in the event of a split.

I own 100% of our home because it was mine before we were together. We are married though, so if we split it would be a marital asset.

We split 80/20 between me/DP as I earn most of the money and put in most of the deposit

We are married and our house is 50/50. However we still own my flat from before we married and it's rented out. For tax reasons I gave him 10%.

We are married and both own the whole house.
The mortgage comes out of the account that our salaries go into. The deposit came from the same place.
In your case ignore all furniture and split the fees evenly. Then there are two options I'd consider, one is whoever pays in more is effectively making a loan of half the amount to the other, then both own the whole house. The other way would be total up the deposit plus loan paid by each and own that percentage overall.

We're married so it's 50:50.

In your situation I would ring fence the original value then split any increase in equity 50:50. Still not perfectly "fair" but you are supposedly in a committed living relationship.

We had similar setup to you and got a declaration of trust setup. Cost about £300. It states if the house is sold I get £x he gets £y then rest is split equally , so it doesn’t have to be % of house. Ask your solicitor about it.

It’s dhs house and we have declaration saying it’s all his to protect him and his kids. I have my previous house that I rent out.

If he dies I get a share and the option to buy out the (grown up) kids.

If we ever buy together then we’d get a declaration to make it clear that he’s put in the equity and me the mortgage....I think it makes sense ....

We have a declaration of trust that acknowledges our initial deposits, so we would each get that amount back if we sold. After this any increase or decrease in value would be split 50/50.