who to put on the mortgage

Bossyboots

us,thecat&thedebt wrote:

sorry to be pain bossyboots and thank you for all your advice..

my mum is willing to go on the mortgage with me

do you know what they base it on if you split up and the other party is not on the mortgage

It will be based on length of relationship (after all it will have become his home too), any capital input and/or contribution to the mortgage. His payment towards household bills and his physical contribution to the upkeep of the property. A very simplistic way of explaining this is for example that if he does a job in the house that a plumber might otherwise have been called for then he has by extension put that money and time into the property.

Every single case would be judged solely for itself so what might be appropriate to count in one case would not be in another.

An agreement before setting out on this path (and a watertight one at that) is essential. You need to make sure you know what will happen if there are unpaid bills. For example if he was to be responsible for paying the electric bill, you need to know that any unpaid leccy account would be deducted from any share of the property he might acquire over the course of time. How will you divide up household appliances. Someone joked about stick labels. I know a couple who fought over a £1 potato peeler and battled over whether they should split the cutlery set or trade off something else against it.