Finances

Myth
  Myth
“I paid the deposit on the house we bought in joint names. I’ll get that back first before the equity is split.”
Fact
  Fact
This is not the case, unless there is evidence, such as a Deed of Trust, to show that it was intended that you would get back your deposit. Even if you can prove that you alone paid the deposit monies, without this declaration it can be difficult. It is very important that you get proper advice when you are buying a house with someone to ensure that the proceeds will be divided fairly if something goes wrong.

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