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Wording for shared ownership of a house

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Maggoty | 11:01 Wed 19th Sep 2007 | Law
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We are getting is sorted officially via wills etc but as a stop gap can someone give me the rough wording for a document that states that : Although A is the deed holder and the only person on the mortgage, B has a 50% interest in the property.

basically my OH and I bought a house together (which is rented out - we live in my house) but as I already have a mortgage it was done in his name solely.

I just want a letter that signed by him, that shows my 1/2 interest. We are going to be talking to a solicitor re our wills but I just want this as a stop gap to tide us over until it is all official. I am working on the premise that something is better than nothing!!

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Understand this - only those who are owners of the property can be named on the mortgage. Someone who is not an owner cannot ever take out a mortgage on the property. Despite what you understand, no other legal postion can exist. What you are actually saying is that he bought the house with a mortgage he arranged and he alone is committed to. You now want to take a half share in the ownership and, consequently, the morgage commitment. You are actually now seeking to formalise a private agreement you made between yourselves. This will require the concurrence of the mortgage lender. Good luck.

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