Hi Richard,
If I am correct and you own the house I think this is a great opportunity for you. I am hoping to get a similiar job (customer has got quote but no reply yet) and like you I have the quals but limited experience. I have being doing some pub rewires and some domestic over the past months and the bloke that takes me on when he needs a lift has done the quote on the house, as I knew I couldnt do that without experience. If we get the job he is doing design and I am going to do most of the work with him popping in often to check progress and quality of work done, I think you should set something up thats a similiar arrangement. Remember to take into account that you will be slow, really slow, double the time that you think a job will take and that should be about right.
You have been getting a bit of a hard time on this thread the last couple of pages but I dont think that should deter you. Although some of your questions have been basic the fact that you are asking them proves that you are fully intending to do the job properly and most importantly safely. Leave all your work so it can be easily inspected. I think the most important point that hasn't come up is not your lack of experience but the compentancy of your partner and his abilty to make sure all work is safe and suitable, if he is up to scratch then your mistakes can be rectified.
Short course people have a bad reputation within the industry and now I have worked in it for a short while I appreciate how little we know (I class myself as a mate not an electrician). Keep asking the questions on here, bite the bullet when you get some negative comments, even the people most anti 5ww's appreciate that it is better you ask questions on here rather than not asking at all. Good luck, hope you enjoy it and keep us posted with the progress.