I have namechanged for this question.
My DH and I are hoping to buy our first house soon. We need to decide whether to buy as joint tenants or as tenants in common with unequal shares, as the deposit is coming entirely from my savings (built up over about 12 years). My DH is upset that I'm considering anything other than joint tenants.
As we are already married (we've been married nearly 5 years and we have one child, in case that is relevant) does this mean that there is no my money and his money, so the deposit that I think of as 'mine' is actually 'ours' anyway? And if we were to decide on tenants in common with unequal shares and subsequently split up, would a divorce respect the shares assigned by a tenants in common agreement or would it automatically be 50:50 anyway?
I don't want to leave my share of the house to anyone else on death - it would be willed to my DH, but if we split up I would ideally like to get back the extra money I contributed. Is this even possible? Or should I just stop being so petty and mercenary and agree that we should buy as joint tenants as we are a family now.
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House purchase - joint tenants or tenants in common?
20 replies
clocktime · 20/05/2013 16:55
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