My partner and I am separating. We bought a house 2 years ago. It is in joint names as is the mortgage.
Due to the market we want to hold on to the house and sell in a few years.
The choice was that I stay and pay half the mortgage while he moves out and pays rent. Or I pay rent and he stays and pays all of the mortgage (due to his earning power). I feel I need a fresh start and have decided to move out.
The mortgage comes from his account and I pay for food, bills, creche for my daughter etc. I am worried that if I move out and am no longer "contributing" to the house in an obvious way that I will weaken my claim on the house for the future.
My ex is happy to stay in the house and pay the mortgage and either buy me out in a few years (he wouldn't get a mortgage at the moment by himself) or sell and split the proceeds when/if the market improves. He is willing to go and sign something official which states this.
We both know a lot could change in 2 years though and I want to make sure I am protected should we end up in a bitter feud.
Any advice?
Due to the market we want to hold on to the house and sell in a few years.
The choice was that I stay and pay half the mortgage while he moves out and pays rent. Or I pay rent and he stays and pays all of the mortgage (due to his earning power). I feel I need a fresh start and have decided to move out.
The mortgage comes from his account and I pay for food, bills, creche for my daughter etc. I am worried that if I move out and am no longer "contributing" to the house in an obvious way that I will weaken my claim on the house for the future.
My ex is happy to stay in the house and pay the mortgage and either buy me out in a few years (he wouldn't get a mortgage at the moment by himself) or sell and split the proceeds when/if the market improves. He is willing to go and sign something official which states this.
We both know a lot could change in 2 years though and I want to make sure I am protected should we end up in a bitter feud.
Any advice?
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