Q My boyfriend and I would like to buy our first property together. We will be joint owners and both contribute towards the deposit, the repayment mortgage and upkeep of a £740,000 house. He is on a significantly higher salary than I am (it’s more than double mine, and likely to increase in the next couple of months). He has therefore been able to save much more than I have so I am only going to be able to contribute about £20,000 while he – with help from his parents – will have £100,000 to put towards the deposit and the stamp duty. I don’t need or particularly want to live in a £740,000 house but I don’t have a lot of choice as he is being very inflexible in terms of location.
He has suggested we create some sort of legal document before
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