Joint ownership: Your guide to paperwork
Buying a home with another person can be a great option when you’re looking to get on the property ladder. It gives you the chance to boost your deposit together and of course share the mortgage payments.If you’re married or you’re buying a house with your partner and are unmarried, you’ll be entering joint ownership. It’s even possible for up to four friends to buy property together too.
Do I have specific rights with joint ownership?
- The property can’t be sold without agreement on both sides or a court order
- Both parties must agree to any additional loans being taken out on the property/any amendments to the official copies
Are there different kinds of joint ownership?
- Passport or driving licence to prove identity
- Utility bills
- Last three months payslips
- Bank statements for last three to six months
- Proof of benefits received
- P60 from employer
- Accounts & Tax Return if self-employed