Buying a property with your partner is a very exciting time, however there is also a great level of responsibility that comes with jointly owning a property. More commonly many parents are needing to help their children get a foot on the property with lots of first time buyer's reply on the 'Bank of Mum & Dad' to fund their deposit.
In order to avoid a potentially complicated legal situation, it is important to be aware of all the legal options around joint ownership to find which will best protect your interests.
On Tuesday 23rd May, we held a family law and conveyancing briefing at our Norwich office on buying a property with your partner and contributing to your child's purchase. During the briefing, Rosemary Farman (Solicitor and Head of Conveyancing Department) and Caroline Mitchell (Family Law Solicitor) highlighted several options to owning a property together and how we can assist with:
- Property Ownership: Joint Tenants vs Tenants in Common
- Declaration of Trust
- Options to protect your interest when contributing to your child's purchase
- What happens when a relationship breaks down?
- Joint ownership in the news: recent updates and case studies
Feedback from delegates:
'Very interesting and informative'
'Thank you for organising, I found it extremely helpful and interesting'
'Good content, well-pitched'
At Clapham & Collinge we have a dedicated team of experts who are able to provide you with all of the necessary information, support and legal advice on property transactions such as buying a property together and our family law advice is bespoke, confidential and totally designed around you.