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  • Bought a property with my partner a few years ago and at the time we signed a trust deed with a 55/45 split; that's how we divvied up the deposit and how we've made mortgage repayments since day one. We're now in a position where we want to amend that split to say 60/40. Any ideas on how to go about this?

    We have a no early repayment charge mortgage so could one party for example make a lump sum payment to increase their overall equity % and then adjust repayments going forward? Maybe it's quite simple and I'm being dumb but I can't get my head around it.

  • What's the actual question, how to work out the numbers? Personally I'd make a spreadsheet with real numbers first. Although I'm sure someone here will be able to give you a proper formula.

    ... or how to amend the deed? If so you could make a new one or amend the existing one. You'd need to check the terms of the deed first to see if there are provisions to amend. If you're fortunate enough to have the split just in the recitals/intro and one clause then you can diy imo. You just need to read up on how to execute it correctly - for a deed it'll need to be witnessed.
    If it's more complicated then you'll need a solicitor to make sure you don't fuck up wider changes.

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