Can two unmarried people hold title as Joint Tenants when purchasing a home though single one of them is on the loan at the time of purchase?
Answers: Yes.
short answer is yes. Although it would be advisable to ensure that your solicitor registers both partys on the ownership deeds. If there is no evidence that the other do is entitled to half the property & one body is making the loan repayments then surrounded by the banks eyes it is the party that is discharging the loan that is to say the legal owner until the loan is discharged. There would be implication however if the other party be making rental payments to the person paying the loan. This could be perceived as a contribution towards the property. Whoever is on the loan owns it. Marriage have no factor. You could be business partners, f*ck buddies=whatever.
Answers: Yes.
short answer is yes. Although it would be advisable to ensure that your solicitor registers both partys on the ownership deeds. If there is no evidence that the other do is entitled to half the property & one body is making the loan repayments then surrounded by the banks eyes it is the party that is discharging the loan that is to say the legal owner until the loan is discharged. There would be implication however if the other party be making rental payments to the person paying the loan. This could be perceived as a contribution towards the property. Whoever is on the loan owns it. Marriage have no factor. You could be business partners, f*ck buddies=whatever.