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  • Madjon12
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16 Jun 20 #512867 by Madjon12
Topic started by Madjon12
I am selling my house to move into new house with fiance. He's sold his house and has a deposit of £375000 deposit for new, he's going to get a small mortgage until my house has sold. I will have £180000 to pay off the mortgage.
My question is, he is very generous and said that when I sell my house and give him the £180000 he wants my name (as do I) on the deeds/home. He also wants us should the worst to happen to split the home 50/50 even though the contributions are unequal. That's great but can we get something drawn up legally to state this before I sell my home and give him the money.
Many thanks for your advise.

  • rubytuesday
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17 Jun 20 #512881 by rubytuesday
Reply from rubytuesday
Hello Madjon12

I would suggest a deed of trust is drawn up to show that you have contributed a large sum of money to the property and in the event of the house being sold, you are to receive an equal share of the equity upon sale, despite there being an uneven contribution to buy the property. You will need to take legal advice on this before commencing with any handing over of any monies.

I'd also be wary about giving him a large sum of money without your name being on the deeds first.

Wikivorce do fixed fee consultations, perhaps give the helpline a call?

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