Buying a house together - do I need a pre-purchase agreement?

  • Insight

22 July 2016

My girlfriend and I are buying a flat together, my mum and dad have gifted me some money, but want to make sure I get it back if anything goes wrong. Should I have a pre-purchase agreement? 

Yes, you should have a pre-purchase agreement to make sure you get the money back.

My partner and I are buying a house together, my parents are loaning us some money, but the lender doesn’t like the idea of a second security against the house. My partner and I have said to my parents that we will definitely pay the money back when the house is sold. Do I need a pre-purchase agreement? 

Yes, you need a pre-purchase agreement which sets out how the money will be paid back.

My boyfriend and I are buying a townhouse together. I am in a better financial position than him and will pay the majority of the deposit. We expect to do a lot of work to the house which I am largely going to fund whilst my partner starts up his own business.  We hope the value will go up as a result and we plan to sell it after a few years. We are going to take the title jointly. I am going to meet the mortgage payments. Should I have a pre-purchase agreement and is there anything else to consider? 

Yes, a pre-purchase agreement is an absolute must in your circumstances and there should also be a discussion about how the property title is to be held.

I am buying a first house with my girlfriend. We are going to buy the property with deposit money we have built up together. We have been renting for a couple of years already. We earn about the same, contribute equally to a joint account and intend to pay the mortgage to the property equally as we have done with our rent. Is a pre-purchase agreement necessary? 

A pre-purchase agreement may be less significant in this scenario, but would still be the preferred option so that there is an agreed timescale for sale or transfer of the property if the relationship came to an end.

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