Buying a property with your girlfriend or boyfriend

Money talks, so it pays to be honest with each other when it comes to your finances. You don't want any surprises in the future! Make sure you have a sit-down and talk about who will pay for the deposit, maintenance costs, and all that jazz before signing on that dotted line. Don't let excitement cloud your better judgement - buying a house together is not something you want to do on impulse!

In addition, make sure you both understand what kind of commitment this decision entails. Are you both ready to put down roots? Is one of you looking for an exit strategy if things don’t work out? Be realistic about the future because a house purchase is an investment for two people- and you don’t want to be kicking yourself later if those plans change.

By being honest and level-headed with your purchasing decision – not only with each other, but also with yourselves – you can ensure that the house will be a happy one for years to come!

The bottom line is: if you're in a relationship and considering buying a house together, do your due diligence. There are legal implications to consider – make sure you have a good conveyancer involved who can guide you through the process. Don’t be afraid to ask questions and ensure that your partner’s interests are equally represented. After all, if things don't work out, it's much better being able to go your separate ways with minimal fuss than having a big financial headache on your hands! So do the research and get informed - it will be worth it in the long run.

After all, if things don't work out, it's much better being able to go your separate ways with minimal fuss than having a big financial headache on your hands! So do the research and get informed - it will be worth it in the long run. With that in mind, you should also look into what happens if the relationship breaks down and one person wants to stay in or sell the house. It can be complicated from a legal perspective so make sure you have a professional help you draw up an agreement beforehand.

At MJP Conveyancing we can provide advice on how best to plan for the future and to help with putting declaration of trust agreement in place which will provide peace of mind all round. Contact us for more information on 01603977067 or email davidp@mjpconveayncing.com