Unequal amounts for buying house together

[Lennox]

I will be buying a house with my boyfriend this year. I currently co-own a house from which my share will be bought out. This means I will have a lump sum to invest into the new house. What is the best way to write this up before we buy the house?

For an example lets say I get 100,000 from my share of the co-owned house and then get a morgage with my boyfriend for 150,000. What happens when we go to sell house further down the line? Do I own a higher percentage of the house? If anyone has been in a similar situation I would be grateful for any advice.

 

[ClubMan]

You need an agreement governing the joint purchase and how things will be dealt with down the line. There is a sample one in the key topics thread.

 

[Lennox]

Thanks, were do I find that thread?

 

[ClubMan]

Key Posts