Buying A Property Together
Up to four people may hold the legal title to a property, other individuals can have an interest in a property which is often in the form of a financial contribution or share.
If you are buying a property with others, you may wish for your respective financial contributions to be protected. It is important that such shares are clearly agreed in writing between all parties and the necessary protection for each person is registered on the legal title to the property.
What We Can Do For You
Fosters can ensure that you are all adequately protected, recommending that you have a Declaration of Trust in place, for further information please visit our Declaration of Trust page. It is always important to ensure that you have a Will clearly stating your wishes in the event of your death and when you are holding your share in property separately, we would strongly suggest that you make a Will at the same time or amend your current Will as appropriate. For further information visit our Wills page.
Buying A Property Together Frequently Asked Questions
- What Is The Difference Between Joint Tenants And Tenants In Common?
- How Many People Can Jointly Own A Property And What Rights Do They Have?
The Residential Property Team at Fosters Solicitors have a wealth of experience and knowledge to assist you in relation to any legal property query or matter you may have. Call us on 01603 620508 or complete our online enquiry form and a member of the department will be in touch very soon.
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