Highlander
Registered User
- Messages
- 30
Hi there,
I've read through dozens of posts with questions from couples who bought a home together and have since gone their separate ways.
My partner of 5 years and I are looking at properties at the moment with a view to moving out of our rented accomodation. If I'm to be honest, I'd probably prefer to hold off another year or so, but other half is very eager to move sooner rather than later....but that's a separate issue.
Talking figures, although we're approximately the same age (late twenties), I have been qualified for a number of years and have built a decent career (mid management private sector), salary (60k + bonus + annual share allocation + pension) and savings (approx 110k). My partner, on the other hand is just recently qualified, although no debts, has no savings, and a significantly lower salary.
Obviously, if we go ahead with a house purchase, I will be putting up the entire deposit, and likely paying the majority of the mortgage, bills, etc.
I don't want to suggest that we'd go ahead with such a large scale joint purchase if we weren't confident in our future together......but things do happen which aren't expected and I always think its best to be prepared.
Given the situation outlined above, would love to hear any advice/guidance/warnings you may have in this regard. Is there anything we can do up front to ensure it is recognised that I put up the majority of the property cost and that we can both know what to expect should the relationship not work out.
Thanks,
S
I've read through dozens of posts with questions from couples who bought a home together and have since gone their separate ways.
My partner of 5 years and I are looking at properties at the moment with a view to moving out of our rented accomodation. If I'm to be honest, I'd probably prefer to hold off another year or so, but other half is very eager to move sooner rather than later....but that's a separate issue.
Talking figures, although we're approximately the same age (late twenties), I have been qualified for a number of years and have built a decent career (mid management private sector), salary (60k + bonus + annual share allocation + pension) and savings (approx 110k). My partner, on the other hand is just recently qualified, although no debts, has no savings, and a significantly lower salary.
Obviously, if we go ahead with a house purchase, I will be putting up the entire deposit, and likely paying the majority of the mortgage, bills, etc.
I don't want to suggest that we'd go ahead with such a large scale joint purchase if we weren't confident in our future together......but things do happen which aren't expected and I always think its best to be prepared.
Given the situation outlined above, would love to hear any advice/guidance/warnings you may have in this regard. Is there anything we can do up front to ensure it is recognised that I put up the majority of the property cost and that we can both know what to expect should the relationship not work out.
Thanks,
S