Hi,
I wonder if I could get your opinions on this.
Person A & B buy a house
Person A pays all of the deposit, which is £12000
Person A and Person B pay money into a joint bank account, which is in place to cover mortgage payments and bills. It is decided that Person B shall pay more into the joint account each month, to make up for their lack of contribution on the deposit. Over time, Person B pays £ 9,000 more into the joint bank account than Person A.
Now Person A&B has decided to sell the house.
Now, how should the profit from the sale be split between Person A & B?
Thanks
I wonder if I could get your opinions on this.
Person A & B buy a house
Person A pays all of the deposit, which is £12000
Person A and Person B pay money into a joint bank account, which is in place to cover mortgage payments and bills. It is decided that Person B shall pay more into the joint account each month, to make up for their lack of contribution on the deposit. Over time, Person B pays £ 9,000 more into the joint bank account than Person A.
Now Person A&B has decided to sell the house.
Now, how should the profit from the sale be split between Person A & B?
Thanks