preparing for the worst

DRJOCK

Hi i have just bought a house fior the first time phewwwweee.... nerves are shot. I will be having my girlfriend staying with me. How do i protect myself from any financial damage if we split up?. yup a pessimist or pragmatist your choice! The house is mine and she will be paying rent. Any help appreciated. cheers

village_life

if the house is mortgaged and registered in your own name, then i wouldnt think she would have any legal claim on it - unless you were to take things further etc...

if she's paying u rent thats even better - i know it sounds terrible, but keep records, give her a rent book - i guess you'd also have to declare the 'earning' in tax records to keep it above board!

molotov_3

Best thing is to get your girlfriend to sign an agreement stating that she has no interest in the property (solicitor will probably draw up agreement quite cheaply and its or the best in the long run). But be aware that if your girlfriend contributes to mortgage payments or renovation of the property she could claim an interest in the property.

Meeten

molotov wrote:

Best thing is to get your girlfriend to sign an agreement stating that she has no interest in the property.........

then see of that same firm of solicitors deals with personal injury cases as well !!! :eek:

DRJOCK

Cheers for thge advice folks, i will wear a crotch guard when i finaly speak to her about it....... should be fun!.

NervousYetFeisty

I'm guessing that you wouldn't be able to buy this place unless your girlfriend helped. In which case, if/when you split up then surely she deserves something back?
If you could afford to buy without her and don't want her to have a claim on anything if/when you break up, don't get her to contribute to the purchase of your house.
Sorry!

Dora_the_Explorer_5

Give her a rent book, treat her as a lodger, advise your mortgage company, have a look at info on a website about tax free income from letting out a room, seek advice from a solicitor, get her to sign a contract.
All of this should help you both to decide if you are in an emotional partnership or a business arrangement. Experience of this in my family has taught us that girl friends move in but asset strippers move out. Good luck.

scheming_gypsy

Your house will be perfectly safe mate. As soon as you either present her with a rent book or ask her to sign a contract stating that she has nothing to do with the house, your relationship will be over.

DRJOCK

hi guys"n"gals

Thanks for the sound advice. NervousYetFeisty i bought the house with no help from girl friend sorry if i never made that clear cheers for repling anyhoo haha. No seriously thanks all for your advice. i will get an agreement written up and a nice rent book for her.

once again cheers folks :T

flyer

you're not taking Scheming Gypsy's advise then?

NervousYetFeisty

:rotfl: Fair enough.