Co-ownership and agreements

With the high cost of residential property in this country the financial arrangements for the purchase of properties have become increasingly complicated. In addition to married or unmarried couples many people are now buying properties jointly with friends or family members. Often the buyers contribute different amounts and have loans or gifts from family in addition to a commercial loan.

In these circumstances it is important that an agreement is put in place recording who has contributed to the purchase, the basis on which their contribution has been made and what they are to receive when the property is sold. The agreement can also cover the arrangements in the event that one co-owner wishes to realise their interest in the property.

We are experienced in advising on and preparing suitable agreements which each need to be tailored to the particular circumstances. Taking the time to establish everyone’s intentions at the outset can avoid difficulties arising later.

To discuss your circumstances contact us on 0800 048 3625, or complete an enquiry form and we'll be in touch.