'Beware' of joint house purchase.
The warning from a Coventry law firm has been prompted by a rise in the number of graduates and workers entering into joint mortgage agreements in a bid to get on the property ladder.
Conveyancing experts at Button & Co solicitors in Manor Road, city centre, say people should ensure they draw up precautionary legal measures, such as a trust deed, in case the partnership breaks down.
Nick Button, senior partner, said: "The general assumption of joint ownership is that it's a straightforward affair where the house is owned equally, but that's not always the case.
"We would advise anyone considering a joint mortgage to make sure they get the appropriate legal documents drawn up."