Skip to main content
buying-a-home-together-winston-solicitors
Advice

View the wider picture when buying a home together

Leasa Foster Leasa Foster
2 min read

Buying a home is exciting but you must remember to consider legal ways to protect yourself. Having a conversation now about the possible future eventualities is sensible and could prevent legal and financial difficulties later down the line.    

Who owns the home you buy together?

When you buy a property with another person, there are two types of property ownership:  

Joint Tenants (Joint Tenancy)

You own the property equally irrespective of whether one person has put more into the pot than the other.

On death the property automatically goes to the other owner (Right of Survivorship). This avoids probate and inheritance tax issues.

You cannot leave your share of the property to anyone in your will.

Tenants in Common

You can own the property in different shares.

On death your property does not go to the other owner unless noted in your will or through the intestacy rules.  

You can leave your share of the property in your will.  

Couples, who are not married, tend to opt for Tenants in Common as the property can be owned 50-50 or in unequal shares. Whilst owning your property as Tenants in Common provides legal protection, there are additional ways of protection you should consider, too.

How to protect the home you buy together

Declaration of Trust  

A Declaration of Trust is a legally binding document made at the time of buying a property. It sets out your financial arrangements, detailing shares or what sums of money are paid back to each party in the event that the property is sold or disposed of in the future.  A Declaration of Trust is a great way to avoid confusion or assumptions.  

Cohabitation Agreement

This is a legal document between unmarried couples who are living together. It can cover bank accounts, debts, household bills, vehicles and even care of pets in the event of the end of the relationship.    

When life decisions require legal advice from different specialist areas, you will see the benefit from using a team who work together across departments, to provide you with one seamless service. 

Client feedback

Exceptional professionalism displayed by Sidraa Razaq, whom assisted us in the purchase of a property. She was very efficient and explained the process clearly and concisely. She made my experience with Winston Solicitors an absolute joy, I would most highly recommend this company and truly believe Sidraa to be an absolute asset for Winston Solicitors.
Yasmin T
First time working with Winston Solicitors and it was an amazing experience.Step by step guidance and clear progress markers.Sidraa was my solicitor and she was top notch working after hours to help speed up the process and complete my house purchase. Very happy and would recommend.
Siyam
Thank You to Sidraa Razaq to handle the purchase of a house I was buying as a gift, and I couldn’t be happier with the service. From the very beginning she was very professional, approachable, and made what could have been a stressful process feel completely straightforward.She took the time to explain everything clearly, kept me updated at each stage, and dealt with all the paperwork and legalities with efficiency and care. Their attention to detail and commitment to ensuring everything went smoothly gave me real peace of mind throughout.I would highly recommend Sidraa Razaq to anyone looking for a solicitor who is not only knowledgeable but also genuinely supportive.
MOHAMMED Y
Very efficient and always available to answer any questions
Alastair
Winston Solicitors handled our recent house purchase and sale and provided an excellent service throughout. Sidraa Razaq, supported by Tom McIlroy, exhibited an outstanding professionalism, expertise, and responsiveness from te moment we first made contact, all of which made what was at times a less than straightforward transaction much easier to navigate. I'd have no hesitation in recommending them to others.
Kieran
Excellent service, very efficient and able to answer questions when needed.
Ben
Fast, excellent and highly professional conveyancing solicitors. Cannot recommend highly enough.
Anonymous
Winstons are brilliant, very responsive to messages, professional and patient. Fantastic customer service- face to face and email/telephone. Would 100% recommend!
Lucy
Contact Leasa