moneyhoney
Registered User
- Messages
- 516
You said itBit of a weird one ...
You don't feel ready to do what is obvious, but want to initiate a convoluted solution to what is obvious and simple?... I know the obvious solution is for us to buy together but we don't feel ready for that...
We both want to have a plan before he actually goes ahead & buys so any help appreciated.
Thanks.
Not the most helpful reply I've read here.
You'll see in my OP that I said:
We're not entering into any "complex real estate transactions" -
I am trying to help us figure out what we would do if he wanted to sign over some of his house to me. As if it was too complex, we would wait a while & buy together. He is not in any rush. He has just seen a house he likes.
I think moneyhoney you're not listening to the excellent advice you've been given particularly by Vanilla and Madangan who have met no doubt many unmarried couples who have tried to go down the purchasing of the house without being married bit. You only have to look at some of the messes people have posted on AAM to see that's it's not advisable. Even with all the best of intentions in the world.
If you're not ready to commit to marriage do not commit financially in any way shape or form.
Nobody said it wasn't possible, it's just that 'in general' it's not advisable for any amount of reasons. But if you can both agree and both understand all the taxes, implications and ramifications of what you are doing then no problem. The main reason for advising against it is that most people even with the best will in the world when things go pear shaped seem to not understand what they got into in the first place. This can also apply to marriage but the legal contract here goes some way to easing some of the other issues. Best of luck in whatever you decide to do.It would seem that there is little or no scope to do this.
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People seem to have missed this part of my post:
down the line (maybe in a year or so)
I was simply looking for advice as to how these things work...not saying we're making any agreement.
I think you need to re-read your original post before you jump to any wrong conclusions.I want to clear up a few things as it seems (as often happens on these boards) that people have jumped to the wrong conclusions...
You might have had that in mind initially but that is not what you did. You wanted an answer to a specific question "How much is fair?" My "unhelpful" response to your original post was based on the rephrased question you repeated three times -... I came to this board looking for some advice as to how these things can be done, if at all.
...
My "unhelpful" response above to your original post seems amazingly consistent with the other posts you view as "unhelpful", which perhaps might pose a question for you to answer.... So, my question is - what would be fair? I know that we'd both need to engage solicitors, but what would be a fair proportion to sign over?
... Would it then make sense for him to sign over half house to me, or seeing as he paid one sixth in up-front costs, sign over half of the remaining 5/6?? ...
In future if you want a specific conclusion or recommendation from site-users, perhaps you could provide it your first post and we can copy and paste it in our responses and thus avoid being classified as "unhelpful".
If you're not ready to commit to marriage do not commit financially in any way shape or form.
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