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What is tenant-in-common? Are you buying half the flat off her, or are you buying out someone else who already owns half of her flat?
If the latter, are you buying out her ex?.... That situation sounds like it would be mad LOLZ.
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I've bought out her friend who she's lived with for 8 years and owned a flat with for 4 years.
It's all been a bit rushed because her friend and co-owner got pregnant and wanted to move out with her fiancee and buy a house. My gf couldn't afford to buy her out by herself, so essentially by adding me to the mortgage, we've re-mortgaged to raise the 100k to buy out her friend. I haven't put in any cash at all, which is obviously a very sweet deal for me, but only because my deposit is tied up in a different property.
We'll re-mortgage in 2 years with the money from my place and drop our LTV massively.
@sparky if you're thinking Mrs Sparky wants to buy in, take her deposit and re-mortgage to do the same, you can get a lower LTV so lower monthly payments and the added bonus of better mortgage rates.
NurseHolliday
I complete on Friday. No exchange as I'm only buying out a tenant-in-common, so Friday's the big day.
3 bed ex-council flat in Dalston, on Somerford Grove Estate.
It's definitely sensible to move in with your gf by buying half of her flat, right?