Should I sell my house to buy with my husband?

[Golden25]

I bought a house years before my husband and I met. Still have a mortgage on it. When my husband and I got married, we initially rented a place together and I rented out my house. We then had a child and decided to move into my house as it made more financial sense and would mean we had more space. We're now thinking of moving to be in a better area for schools. I'm trying to decide whether to sell my house and then we buy together as tenants in common (deposit towards new place would be from sale of my house), or to keep my house and we rent a place again together in the better area for schools, as we would not be able to afford to buy without sale of my house. Husband has minimal savings but works hard and spends all his salary on our family, including paying towards the mortgage on my house. Would it be unwise to sell my house, given that I had it before we even met? We are happily married and in it for the long haul, but I have nerves about selling my house.

Surely if your married and your husband has been both paying toward the mortgage for years, and spends the rest of his money on family, its now his house too ?

Never sell your house. One day you may need it for you and your kids cos you never know what the future will bring.

If all turns out great you have a house your son can live in eventually, or you use the rental income for his education.

I let the house I owned when DH and I moved in together as he didn't want to live in the area (and TBH, I think he didn't want to feel he was living off my good fortune), and also he was working outside the other side of London at the time.

We were lucky as I received some inheritence that meant we could buy together without selling my first place and I kept it so the rent could help with maternity leaves. Both the flat we bought together and the house we live in now we are tenants in common - for the flat it was a 70:30 split in favour of me because I put the deposit down, though he earns more. I offered to go 50:50 on the house we bought next but he insisted it remain that way as I had sold my first place by then to make the deposit, so the initial capital was mine. So if you sell your house I'd advise doing something similar - make yourself majority owner as tenants in common.

Pretty sure your house would be seen as a joint asset as you are married and he's been paying part of the mortgage.

If you are moving for schools just make sure you consider secondary school schools as well as primary.

You're married now, you're a family unit. He gets half anyway. Just buy the house that's right for your family now

I see my husband & I as a unit, we share all finances. Therefore, in your position I would sell the house and buy a new one together in a better area for schools etc