moving in together - how to divide up finances

burnoutbabe

rent out your place and rent somewhere together.

then there is NO issue about her getting a share of your equity, and you both pay equal shares for your living costs (in proportion to your income maybe).

else, she gets a free rent ride, or gets a share of the house if you split. Neither are good.

Review in a year or so.

mluton

Myself and partner split 50:50 regardless of how much we earn.

But this will change on "the birth of child", where I will be paying more per month as maternity is only statutory after 3 months.

IlonaRN

alipops1986 wrote: »

I'm not an expert on this.....However, one possibility my eldest brother did was to get a rent book (As awful as that sounds!) and get your gf to pay "rent" rather than the morgage. Even if this was only £100 a month! I know it might sound awful but i can appreciate your concerns.

This is the only way to go in order to protect your home if you split up.

If I were to move in with my boyfriend, this is what we would do in order that I would have no "claim" on his house.

kr15snw

I moved in with the OH over a year ago and as I earn about half what he does, we do the following:

I buy the weekly shop which works out aut £200 a month. I also pay for the treats (things like takeaways etc). All in all I pay about £300 a month. He pays all of the bills (including the mortgage) which is about £800 a month all in.

We both feel this is fair as I cover the extra cost of me living there (council tax, water, electric etc) but Im nothing to do with the mortgage. I.e if we split up I cant take half his house (hes worked hard to have such a tiny mortgage).

We have however just got engaged and are now looking at buying a place together in the next 12 months (I have a decent amount of savings), in which case the mortgage will go in both our names and we will then sort out a joint account and share our cash (seeing as we'll be getting married not long after!)

I think the idea of her paying 'rent' as such (like I did) is a lot safer!!