We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Lodger's Debts
sarah69696pink
Posts: 657 Forumite
Hi All,
I want my partner to move in with me. I currently own (mortgaged) my own home and am due to move soon (again will be mine mortgaged) and at that point I want him to move in with me. He has some debts which I beleive he is in the process of paying off. He is in full time employment.
We have agreed to do everything legally and have him sign legal documentation as a lodger. I know to keep proper records, not allow him to contribute to house etc etc.
However the question I have is - do I need to be extra cautious if he has debts?
Are there any circumstances where the lodger's debts can be passed on to the home owner?
Also he currently stays with me on a regular basis as he now works near me and his parents like miles away. We have no current arrangement in place as this is not his address he just stays - but do I need to be cautious at the moment?
Any advice etc much appreciated.
I want my partner to move in with me. I currently own (mortgaged) my own home and am due to move soon (again will be mine mortgaged) and at that point I want him to move in with me. He has some debts which I beleive he is in the process of paying off. He is in full time employment.
We have agreed to do everything legally and have him sign legal documentation as a lodger. I know to keep proper records, not allow him to contribute to house etc etc.
However the question I have is - do I need to be extra cautious if he has debts?
Are there any circumstances where the lodger's debts can be passed on to the home owner?
Also he currently stays with me on a regular basis as he now works near me and his parents like miles away. We have no current arrangement in place as this is not his address he just stays - but do I need to be cautious at the moment?
Any advice etc much appreciated.
0
Comments
-
sarah69696pink wrote: »However the question I have is - do I need to be extra cautious if he has debts?
Caution should always be exercised when dealing with people who have debts, so the best thing to do would be to ensure that there is no financial connection between the two of you, like joint bank accounts, joint loans or any bills in both of your names.
Are there any circumstances where the lodger's debts can be passed on to the home owner?
No, not as long as there are no bills for the property in the other person's name and you have no joint contracts of any kind.
Also he currently stays with me on a regular basis as he now works near me and his parents like miles away. We have no current arrangement in place as this is not his address he just stays - but do I need to be cautious at the moment?
At the moment, if he's not contributing anything towards your mortgage or bills then his status is a guest and therefore as far as as I can see there is no risk.
It seems that you have things pretty sorted already0 -
Thank you that really reassures me. I've already been very clear abot not wanting his name on anything no joint accounts etc until he gets out of debt. He understands where I'm coming from and is happy for things to work this way until he clears his debt.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards