My partner was gifted land so the deeds are in his name, while to afford to build the mortgage will be in both our names. I understand that this means I owe half the debt but own nothing, but obviously would be prefer if I did!
So other than marriage where the ownership is automatically transferred to both parties, what is the best way to protect my interests? Should we have a joint tenancy agreement or a will? Put me on deeds now and pay the tax?
Both first time buyers, land valued at 70K when transferred from his parents.
Any advise?
Aishling