Buying a house help!

[Beansontoast00]

Hi can anyone offer some advice… so me and my husband have been given a chance to buy our house with a big discount. BUT our marriage has been rocky and I’m worried that in the future he’ll break up with me and I’ll have no where to live (maybe just me anxiety’s) but when talking to him he said if that was the case he’d expect half. (Fair enough) .. but I’ll have money from the house equity? Would it be best just to keep renting with the house in my name OR buy the property and accept the fact if we break up he’ll take half and I’ll need to move out of the family home and try find somewhere that will be double the rent. But if I don’t I doubt I’ll ever get onto the property ladder. I’m so stuck on what’s best

Is he putting in equal deposit and paying half the mortgage? If so then yes, if you are bearing all the costs then no. Or you could just break up with anyway. Why would you want to stay in an unhappy marriage for the sake of a house?

Rocky relationship.
Partner who already states if you split he's prepared to make you suffer
Rented house in your name only.

I would absolutely not buy the house with him given those facts.

So many people are forced to stay in a relationship because they will be homeless otherwise.ao they separate as a couple but remain tied by the house. It's increasingly common.

We don’t need to had the discount on the property is 70%

We don’t need a deposit has the discount is high so that will be used has our deposit. We are happy I just worry that he might leave in the future and leave me with anxiety’s about where I’m going to live ect

Just break up with him now and then buy it on your own.

Or buy together and accept he’ll have half; as will you. It’s always better to buy than rent in my opinion.

If you don’t buy it neither of you will have anything. Better to have half than £0 to move on with.

Yes this is what I’m struggling with.. I would have money from the property but I wouldn’t be able to get another morgage on my Income and I wouldn’t be able to afford the costs of private rent has my rent right now is very low compared that’s my main worry

Why is the 'discount' so high?

If is really is 70% discount, then if you buy, even if you do split up and go 50/50 on the equity you'll still be 40% better off.

You will still need a deposit, unless the owner/builder is paying your deposit and factoring it into the purchase price you will still need at least 10% deposit ( if you are from the UK)

Because we’re buying a council property

If you’re living in a council house in just your name with lifetime security and low rent, your anxiety absolutely makes sense so do not buy this property with him and remain a tenant with your own home and lifetime security as you won’t have that again if you split.

So are you buying the home you already live in? So you've lived there a long time that's how the discount has added? Can you get a mortgage on your own for this?

If you buy and split up you'd both get 50% of the equity.

Do you have to buy it now? Couldn't you wait a little longer?

Hang on a mo - you're legally married so if you do buy a property he'll be entitled to 1/2 the value if you seperate in future surely?

If you're married he's entitled to 50% of anything you buy anyway, unless you divorce him. Which sounds like good idea given how insecure he's making you feel.