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Buying first home with partner |
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anna84 ![]() Newbie ![]() Joined: 29/August/2016 Location: Australia Posts: 1 |
![]() ![]() ![]() 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 |
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MiladRAMS ![]() Newbie ![]() ![]() Joined: 30/September/2016 Location: Australia Posts: 1 |
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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. |
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NicoleBarr ![]() Newbie ![]() Joined: 04/January/2017 Location: Australia Posts: 3 |
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Heartly congratulations to you for buying your first home.
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webbrowan ![]() Newbie ![]() ![]() Joined: 12/May/2016 Location: Sydney Posts: 19 |
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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!
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Best Regards
Rowan Webb |
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