hello, my brother and I wish to purchase a property together. He would own 60%, I would own 40%.
How do you get this to happen? On the contract of sale do I write 40% next to my name and 60% next to his. Is there anything else like do you need some document from a lawyer saying this is the ownership share when it was purchased?
Also are the banks okay with doing this type of thing? Any problems that anyone can forsee from a bank perspective?
Thankyou
Ben
How do you get this to happen? On the contract of sale do I write 40% next to my name and 60% next to his. Is there anything else like do you need some document from a lawyer saying this is the ownership share when it was purchased?
Also are the banks okay with doing this type of thing? Any problems that anyone can forsee from a bank perspective?
Thankyou
Ben
Property purchase with brother - different ownership %
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