I pay half the morgage, but it is my girlfriend who put the deposit down and I don't want her to lose out when we get to the 4 year equity release buisness. Lived here 3 years.
I agree with Skippy, an IP is the best person to advise you about the equity clause.
The advice is free.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Your girlfriend should seek independent legal advice to protect herself. It may be better for her if you went bankrupt now and she could buy your interest for a nominal sum. In addition, if she paid the deposit you should only be entitled to 50% of the equity over and above the deposit and not including it.
As the others have said speak to an IP and make sure your girlfriend is fully aware of what is going on.
