A
female
age
22-25,
little star
writes:My ex boyfriend is a couple of years older than me. He bought a house on his own. I always thought that i would move in with him one day. He split with me a month ago. I am now worried about my future. There is no way i can afford on my own. Is there anybody out there who can explain about shared ownership? how much i need to pay a month? Reply to this Question |
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female
reader, cupidhelper  +, writes (25 September 2007):
are you talking about getting ownership of his property?
how long were you together, do you have proof of paying morgage, and then:
he bought it before you. Unless you can prove a significant time frame (maybe as much as ten years) and that you contributed half the bills, I doubt you can get his any of his house.
Now if you're talking share ownership with a friend, you both save for a downpayment, work out a contact of what happens if own of you moves out or your both move out (like could you rent your space out or does your partner have to approve of the roommate) and is there a minimum time to hold on to property, can you buy the other person out and for how much (what if buyout if more than current market value)?
Or you could save and wait until you marry. You could even have a pre-nup if hubby didn't save. Get pre-nup if you buy before marriage and he doesn't own or have money for buy-in.
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