Hello my name is ***** ***** I will help you.
Yes, because you are part owner. You have paid towards the property.
Can I clarify anything for you about this today please?
I would get it written up for the avoidance of any misunderstanding.
But if you are named on the deeds, that shows you have an interest.
Does that clarify?
Only if its above the appropriate threshold
Upon purchase. But if you are just being added to the deeds then no
At the end.
Yes that is right.
Does that help?
If this answers your question could I invite you to rate my answer before you go today, otherwise the site doesn’t pay me for the time spent with you. Thanks in advance and good luck.
I am sorry but the above is not correct.
As I understand it you wish to purchase the property from your brother.
You will pay a deposit and pay the rest by way of monthly instalments.
The only way of protecting you and your wife is for this to be treated as a straightforward purchase with your brother having a Charge - a mortgage - on the property.
Stamp duty may be payable if the purchase price is above the threshold
The other option which involves your brother and you and your wife being on the deeds together is complicated by the fact that the percentage shares you each have will vary over the years