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Starting the co-ownership conversation
Partner and I are considering our options in terms of home ownership
Our personalities are similar and our incomes - we will also be able to go 50/50 on the deposit
I'm very budget/investment orientated
He's a little more fast and loose but also into investing
So as much as ever - it's important we consider all the implications
I'm wondering if anyone knows of good resources out there to start nutting out co-ownership discussions- e.g. I'd love a questionnaire we could literally go through
This would be a first home purchase for both of us
We will have our separate lawyers go over everything later (and I'm sure our families will weigh in on some points)
Point being we will ultimately have a formal document but I want to us to be able to properly think the whole idea through first and be more or less on the same page before handing it over to lawyers to negotiate
All I can see out there/find is pretty basic and limited to -
What happens if you break up?
What happens if someone can't make a payment?
How will you split up payments?
Has someone collated a list which includes some things we might not initially think of ourselves?
Some of the out of box but perfectly possible moral questions we should consider?
Or feel free to tell me some stories/learnings from your experience and I'll build the questionnaire I'm after!
Our personalities are similar and our incomes - we will also be able to go 50/50 on the deposit
I'm very budget/investment orientated
He's a little more fast and loose but also into investing
So as much as ever - it's important we consider all the implications
I'm wondering if anyone knows of good resources out there to start nutting out co-ownership discussions- e.g. I'd love a questionnaire we could literally go through
This would be a first home purchase for both of us
We will have our separate lawyers go over everything later (and I'm sure our families will weigh in on some points)
Point being we will ultimately have a formal document but I want to us to be able to properly think the whole idea through first and be more or less on the same page before handing it over to lawyers to negotiate
All I can see out there/find is pretty basic and limited to -
What happens if you break up?
What happens if someone can't make a payment?
How will you split up payments?
Has someone collated a list which includes some things we might not initially think of ourselves?
Some of the out of box but perfectly possible moral questions we should consider?
Or feel free to tell me some stories/learnings from your experience and I'll build the questionnaire I'm after!
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