House deeds/Equity share loan

[noddyandtigger]

This is the situation Myself and new partner have made an offer on a house we want to buy equally,this is where the problem lies,I have my half share in cash from the proceeds of the sale of my home,new partner has a mortgage offer all ready to go for his half share....But I have been told from our mortgage advisor that i cannot go on the the deeds or mortgage because of my credit history and do not work at the moment.

My mortgage advisor has said that a Equity share loan is the option (still not on the mortgage /deeds,I am mentioned on my partners mortgage application through special conditions 1698.
Have also been told that a deed of trust with restrictions attached would be the next best thing to having my name on the deeds.
The amount I am putting into this house in cash is half of the cost of the property,my partner cannot buy it without my share and vise versa.

Friends have said with such a lage sum of money they would not enter into it without being on the deeds,others have said that with this deed my share would be safeguarded.
.Not sure what to do?

[hc4361]

Buy it as tenants in common, with a 50 / 50 ratio. You own your half outright and your partner buys his half with the mortgage.
Your name MUST be on the title register (deeds) to safeguard your interest.
A second charge is all well and good but that only entitles you to money if your partner decides to sell, it doesn't make you owner.

[society]

My response is not valid to your question, but, I'd not put an exorbitant amount of money on a property without having my name on the deed and title. People change, things happens...