Hi all,
I'm currently applying for a mortgage with my girlfriend, not because we are planning to spend the whole life together, but because I can't get enough mortgage on my own. The idea is that in reality I will repay the entire mortgage and the entire house would be mine as well.
Now, how to do it so everything is fine from a legal point of view? My mortgage advisor told me that after we buy a property both mortgage and house are owned by both of us 50:50. Should we prepare cohabitation agreement assuming both get transferred to me straight after we move into the house and then in the even of breaking up execute it? Does anyone have any experience with a similar situation and know what costs/taxes will be involved? I want to be prepared for that rather than get suprised by how complicity of such operation.
Regards,
Ryan
I'm currently applying for a mortgage with my girlfriend, not because we are planning to spend the whole life together, but because I can't get enough mortgage on my own. The idea is that in reality I will repay the entire mortgage and the entire house would be mine as well.
Now, how to do it so everything is fine from a legal point of view? My mortgage advisor told me that after we buy a property both mortgage and house are owned by both of us 50:50. Should we prepare cohabitation agreement assuming both get transferred to me straight after we move into the house and then in the even of breaking up execute it? Does anyone have any experience with a similar situation and know what costs/taxes will be involved? I want to be prepared for that rather than get suprised by how complicity of such operation.
Regards,
Ryan