Don't know if this is appropriate to put in here, I didn't want to open a new thread, but just would like some quick thoughts on this arrangement.
My brother is about to complete on a house with his partner (not married). He's put 100% of deposit down, and will be paying 100% of the mortgage. His partner does not work, and won't be contributing to any of the bills. He's decided to put 50% of the house in her name, technically gifting 50% of equity to her, mortgage is in his name. If anything happens and they split, she will just cop 50% and he'll either have to buy her share back (his money) or sell, correct?
Please tell me that I'm not the only one to think this is completely and utterly insane. I've tried talking to him about it, he thinks it's completely normal
My brother is about to complete on a house with his partner (not married). He's put 100% of deposit down, and will be paying 100% of the mortgage. His partner does not work, and won't be contributing to any of the bills. He's decided to put 50% of the house in her name, technically gifting 50% of equity to her, mortgage is in his name. If anything happens and they split, she will just cop 50% and he'll either have to buy her share back (his money) or sell, correct?
Please tell me that I'm not the only one to think this is completely and utterly insane. I've tried talking to him about it, he thinks it's completely normal
Last edited: