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I'd recommend you get a deed of trust in place as that details what happens on sale.
We had no problems getting a mortgage, nor were any questions asked about our relationship, but bear in mind this was 15 years ago when borrowing money was easy.
I supplied the deposit, then we paid the mortgage 50/50. On sale, I was paid back the deposit plus the proportional amount it had appreciated, then we split the rest of the proceeds 50/50. All this was detailed in the deed of trust beforehand.
It was good, worked well for both of us. My only regret, and hindsight is a wonderful thing, is that I didn't buy my friend out and hold on to the place.
andyp
Me and my sister are considering buying together. Maybe buying a house and then dividing it into two flats.
Are there any negatives that I should know about? Was the mortgage process difficult? When/if you sold what happened, was it a 50/50 split of the equity?