We both own our homes outright and want to buy together. Help please.

Posted on 19 May 2013 by Jennifer

We both own our homes outright and want to buy together. Help please.

I own outright a home and my boyfriend owns a home outright. He earns twice as much as me and 'we' want to buy a home together 50/50 that we live in maybe three days a week. We need to borrow money to do this, which would be the best way to borrow?


There are a number of ways that you could do this. Subject to your respective finances and the actual figures involved, you could either:-

  • Raise a mortgage on each of your properties, for say half of the price of the new one and pay cash.
  • Raise a joint mortgage as a second property on the new home

You should both take legal advice on the best way to set up the ownership of the property, but otherwise the mortgage itself should be relatively straightforward to set up.

If you'd like to talk through your options in more detail, then please let me know and I'll arrange for you to speak to one of one consultants.




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