Posts by Durkalol

Durkalol

11 May 2010

Real Estate / Rights To Partners Flat In Poland - Cohabiting Agreement [21]

My partner and myself ( unmarried) for 5 years are looking at buying a property in Poland. We live in the UK and have no current plans to move to Poland. As a national to Poland she has rights to purchase with a small / no deposit, which in this climate is very appealing to be able to build a deposit for a house in the UK as we are unable to afford house prices here. Our aim is that we will both pay for the flat although it will be under her name. My question is : Is it possible to set up a legally binding co-habiting agreement in the UK which would give me entitlement to an agreed split of the property in event of sale, break up e.t.c?

Durkalol

12 May 2010

Real Estate / Rights To Partners Flat In Poland - Cohabiting Agreement [21]

Let me set the scene.

Her situation working two jobs income £22,000 been living /working for the civil service in the UK 8 years, no debts. I've been with her 5 years!! I've been to Poland many times.

My situation £40,000 income with debts of £15,000

Plan: I will go onto the mortgage after 18 months or so as joint agreement , to be agreed with solicitors e.t.c. In the meantime we will both pay towards the repayment.

Yes she does have a 110% ( covers cost or agents fee's e.t.c) mortgage offer to make repayment of c£350 a month with a plan to over pay the mortgage within 6-10 years max. The mortgage will be under her name and as such if repayments are not kept up all the risk is with her currently.

As regards my comment as a Polish National she has the right to purchase a property with little / no deposit. I should have been more detailed on this. My partner was advised by a financial advisor in Poland it would be more difficult for me /us to be able to get a mortgage as I don't live there. Given they are not aware of my financial circumstances. There is also alot for me to understand about purchasing e.t.c in Poland. The simple process is keep it simple and get it under her name then I come onto the agreement at a later date......

Harry's comment:

'Everybody everywhere in the world has the right to purchase with no deposit: the trick is getting somebody to lend you 100% of the money you need. Here in Poland there is no way in hell any bank is going to lend you that much money'

Exactly my point! Not going to lend me the money!!

Wide accusations of SCAM SCAM SCAM are hurtful . Why so quick to think she is trying to scam me?!

Please keep your comments helpful i've seen enough scamming, bad mouthing on this forum which is really damaging its reputation.

SeanMb most of your comments are helpful I must say throughout your various threads /posts.