I know a few girls on the board have bought a house with their bf or fi. How did you handle the legal side? Any thoughts?
We are considering a move (for his job) and we're talking about whether it's better to buy a house together or have him buy the house. (We currently live in a house he bought - I sold mine - and I pay him a portion of mortage/utilities. We don't split 50/50 because he gets the tax advantages of the house and is building equity whereas I'm basically paying rent.)
Financially, either one of us could buy a house in the price range we are looking at on our own. I'm not sure I'd get a mortgage alone because I am self-employed with only a 2 year financial history in my company. I have great credit (so does he) so I wouldn't hurt our mortgage if we went in together. Regardless of whose name is on the deed, I'm likely to contribute to the down payment.
I know some people will encourage us to wait to buy a house together until we are married or at least engaged. There's no legal difference between BF and FI, so I don't really follow the logic on waiting until we're engaged. We plan to get married we just haven't got around to it yet. (I know that sounds bizarre to some people but it's not a high priority for us right now - moving, advancing his career, etc, are higher priorities.)
So how did you buy your house with your bf or fi? Did you have a legal agreement should the relationship end or did you just wing it? (In some regards, it's not much different than a marriage ending in divorce with a house involved, I'm thinking?)