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Buying first home with partner
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anna84 View Drop Down
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Joined: 29/August/2016
Location: Australia
Posts: 1 		  Quote anna84 Quote  Post ReplyReply Direct Link To This Post Topic: Buying first home with partner
    Posted: 29/August/2016 at 14:50
Hello I am buying a house with my partner, we are not married and I am putting in over 100K to the deposit. I am wondering about potential issues if we were to separate? Do I need to look into a contract of some kind stating my investment in the property and what would happen if we had to sell if it doesn't work out.
Thanks for any advice

MiladRAMS View Drop Down
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Joined: 30/September/2016
Location: Australia
Posts: 1 		  Quote MiladRAMS Quote  Post ReplyReply Direct Link To This Post Posted: 30/September/2016 at 11:13
Hi Anna,

Good to see that you have a large deposit, well done!

I work for RAMS Home Loans and I am a home loan manager. if you do separate, we can always have an option to release the loan party. I can explain everything in detail. You can contact me on 0404 704 345.

Thanks.

NicoleBarr View Drop Down
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Joined: 04/January/2017
Location: Australia
Posts: 3 		  Quote NicoleBarr Quote  Post ReplyReply Direct Link To This Post Posted: 04/January/2017 at 23:04
Heartly congratulations to you for buying your first home.

webbrowan View Drop Down
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Joined: 12/May/2016
Location: Sydney
Posts: 19 		  Quote webbrowan Quote  Post ReplyReply Direct Link To This Post Posted: 14/February/2017 at 15:42
There are a lot of things you can look at - prenuptial agreement (which of course requires your partners consent) and or even a post-nuptial agreement. You should also look at whose name is going down into the deed in terms of actual legal rights to the house and all that. I do think that you should have a good discussion so that there will be a clear understanding between yourself and your partner should anything happen. Heaven forbid it get messy and ugly with an unexpected surprise if something does happen later on!
Best Regards
Rowan Webb

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