M
martin walsh
Guest
Hi,
i am about to go to a joint mortage with my partner. I currently own the property.
There is a 255k outstanding mortgage and the property is worth about 330k.
My question is one of ownership, how do we go about splitting the house if we were to split?
(my solicitor has been no help here and said its up to us).
Our thoughts were to get it registered as tennants in common and not joint tennants. Then i get the first 75k profit on any sale and that any profit over that is shared 50/50.
Is this possible, advisable and is there a better way?
What have others done?
i am about to go to a joint mortage with my partner. I currently own the property.
There is a 255k outstanding mortgage and the property is worth about 330k.
My question is one of ownership, how do we go about splitting the house if we were to split?
(my solicitor has been no help here and said its up to us).
Our thoughts were to get it registered as tennants in common and not joint tennants. Then i get the first 75k profit on any sale and that any profit over that is shared 50/50.
Is this possible, advisable and is there a better way?
What have others done?