Joint purchase with different capital

B

Brucy

Guest
Two people (not married) purchasing home to live in:

House and buying costs = 600k
Person A contributes 260k (through sale of home)
Person B contributes 40k
Joint mortgage of 300k each person making equal payments.

What would be a fair legal agreement should things not work out in later years that takes into account initial capital and potential appreciation of property value.

Thanks!
 
On sale of the house - The equity amounts fall back to the two investors ie €260k & €40K. Then the profit after the mortgage has been paid and the equity refunded - 50% of the profit is divided in the same ratio as the equity you each bring to the table. The rest of the profit is divided equally. I hope this makes sense!
 
For what it's worth there's a covering joint purchases in case you haven't seen it already.
 
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