You must give consideration as to how the property which you are buying is to be held. There are two options as follows:

You can own the property as beneficial joint tenants so that if one of you were to die the property would automatically belong to the survivor. This arrangement would take precedence over any will which you might make.

You can hold the property as tenants in common whereby you would each own a share that would pass under the terms of your wills. Your share would be dependent upon the contribution which each of you may be making towards the purchase price of the property. Such shares can be stipulated and a separate Trust Deed can be drawn up to reflect the interest in the property which each of you will have. In any event, you must make wills.

Please consider this question carefully and let us know before exchange of Contracts how you wish the property to be held. You may wish to discuss this point with us.