Which may or may not be in the middle of the street. And is it ‘our house’ if one of you owned it and the other moved in? Or one of you paid more deposit that the other? Or one of you is paying more of the mortgage than the other? Or one of you does loads of home improvement?
If you are not married, trying to answer these questions is really tricky when you’ve decided that the relationship is over (and you might not be on the best of terms).
There is an answer and, boy, it is so much cheaper than trying to work it out afterwards. The solution? A written agreement dealing with all of these tricky questions and the ‘what-ifs’ BEFORE you move in (or as soon as possible if you’ve not done it yet and are reading this).
Who needs them? You, if you are:
• Moving in with your boyfriend/girlfriend/flatmate
• One of you is paying the deposit or more deposit than the other
• One of you has generous parents/grandparents/aunties/uncles etc who are giving you or lending you money
• One of you already owns the property and the other is moving in
• One of you is buying out a previous partner of the other
• You’re buying a property as an investment
• One of you inherited it and you are both moving in.
Is that you? Contact us for advice. It really is simple and so much more cost effective than having to deal with it at the rough end of a relationship.