My partner and I want to buy a house but do not want to get married. We both work. Is a joint mortgage the best option?

No one wants to think that at some time in the future they may split up but we are realistic and want to proceed in the best way to simplify a break if it should ever happen.

Asked by helgetmouh

1 Answer

Log in or sign up with email
By submitting you agree to our Terms of Service
Answered by Paul Skinner, IFA in Odiham, HAMPSHIRE
You would be best advised to own the property as tenants in common instead of joint tenants. In this way you each own a share of the property which you can do with as you please. With a joint tenancy, if one of you dies, the property automatically passes to the survivor, whereas with tenants in common you could leave your share of the property to whomever you please.

Get free mortgage quotes at
http://pks.org.uk/comparemortgages.asp

Regards

Paul Skinner
PKS - Mortgage & Insurance Experts
T: 0845 226 5009 | 11.03.12 @ 08:46
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 10.22.17 @ 15:35
Log in or sign up with email
By submitting you agree to our Terms of Service
Free SimplyFinance Membership!

Get FREE, full access to SimplyFinance.com

Answered by

Paul Skinner
Paul Skinner, IFA in Odiham, HAMPSHIRE

Related Questions

Q&A
Asked by katie.jenkins
Q&A
Asked by katie.jenkins
Q&A
Asked by stevensonbecca59