• Joint House Purchase

    By Guest on 17th Feb 2020

    I would like to purchase a property with my son. I will provide the majority of the purchase price 76 percent deposit and we will then jointly apply for the remaking sum as a mortgage. My question is, can I draw up a will or agreement deed to leave my percentage in the property to my husband should I die before him? If so how do I go about arranging this?

  • 2 Answers

    By Guest on 18/02/2020

    Tenants in Common

  • By NotaryExpress on 18/02/2020

    Registering as tenants in common in your respective shares is a straightforward way to record the split of ownership. If you wanted to go into further detail as to what one owner could/couldn't do with/without the consent of the other and how the repayment of the deposit is governed and so forth, you may wish to consider a deed of trust (£300 with us) which is essentially a formal agreement regarding the ownership.

    You can also decide what happens to your share after death in your will. That would be £150 with us.

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