Buying A House As An Unmarried Couple: Do You Know The Legal Pitfalls? By Lucinda Holliday

Despite the current economic downturn, the housing market has experienced a surprising spike post-lockdown, and many couples are resuming their property purchases.  Home-ownership is a huge commitment for anyone, but if you are buying a property as an unmarried couple there are even more implications and it is crucial that you understand your legal position. Here are some of the main issues to be aware of before making a purchase and common legal pitfalls to avoid expressed by Lucinda Holliday, thee head of family & divorce at Blaser Mills Law. Joint tenants and tenants in common  Up to four people can buy a property together in the UK, but how the property is divided and how the mortgage works is very much dependent on whether you decide to take out a ‘joint tenancy’ or ‘tenants in common’ mortgage.  Buying a property as joint tenants means that if one of you dies,…

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