Advice please

joe21_2

Hi,

Im new to this forum so unsure if I am posting in the right area.

This is my situation,

Im 21 doing my finial year of uni, I have been lucky enough to be offered a plot of land by my mums uncle, this land is in a fantastic location on the outskirts of Leeds and planning consent should not be problem. This is a dream come true, a two acre plot of land with planning consent in a fantastic little village 10 mins away from Leeds where I am hoping to work when I finish uni FOR FREE!!

So to the problem!!!
My boyfriend!!!!!!
I want to build the house with him we are both lucky enough to have quite a bit of money to build, meaning we would only need a small mortage to get the house of our dreams, but as a young couple I do not want to just hand over my land which has been given to me as a gift from my uncle and will be worth in the region on £100,000. He says the whole thing should be 50/50 and no relationship is based on one having more than another. I have said that I will build the house and he can just live with me if that wouod make him happy, but he says he wants half, am I been unfair???

I thought we should get the land valued and then that percentage of the finial vaule (i.e after the house has been built) should be taken off say 70% to me and 30% to him. Bearing in mind that this only comes into play should we spilt up, otherwise it would not even be an issue.

Sorry for the long thread- can everyone understand the situation??

pawpurrs

You could get a soliceter to set up a deed of trust that the land belongs to you, so if you split up and need to sell the price of the land would be given back to you, and the profit on the rest is then split 50/50.

Lucky you, what a wonderfull postion to be in, remember to get the plot valued after it has planning permission.

lynzpower

i wouldnt give him half.

He could have half of the house, but not half of the land

but then im tight/clever these days

Be aware "planning consents wont be a problem" be aware, if they are, they can be a MAJOR problem

alba37

I don't think you are being unreasonable. How many people move in together thinking it will last forever? (most I expect) But breakups happen a lot!

If he is unwilling to agree to your suggestion, how about saying your mum or uncle is not giving you the land without a legal paper to say the land belongs to you? (blame it on them!) Maybe that way he won't feel you aren't trusting him that way? I would also say if there were to be a breakup, you get back the value of the land then, and the house is 50/50. Or better still you get the first chance to buy his 50% of the house at it's valuation?

Whatever way you do it, it's up to you... but I think you would be silly not to. (silly voice of experience here!!)

lilyann1

I agree I wouldn't give him half either.
Speak to a solicitor to get an agreement drawn up that the land belongs to you and it will only be the house built on it that you split 50/50.Its not as if you have been married 20 years and expect to stay together,you might or might not,you are young still.
You could even get the land put in your Mums name say and she allows you to build a house on it???

PoorDave

The person who says "lets split things 50/50" is usually the one who has less than 50% to offer!

If he wants an equal share in the final house + land combination he should stump up as much as the land would cost towards the house, then split the rest 50/50. It's not your fault someone gave you some land that could be worth 100k, after all.

Alternatively, the split on the final house + land should be on how much each person contributed. You've already brought along 100k of land; what's he going to do? If it ends up you supply 70, him 30, then have this legally drawn up.

Mrs_pbradley936

I think I would say that if he provides the total cost of building the house in terms of materials and labour you will consider a 50/50 split. Or you could say that you would consider it if you got married (if you want to marry him of course!). You are too young to have any knowledge of the old saying "when money stops coming through the door, loves flys out of the window." But it roughly means that all is rosy when you have of money in a relationship but it all goes sour when it is limited or being fought over.

Dasnookster

I would not be willing to split 50/50 in your circumstance. You are very young and things do sometimes go wrong sadly. I would add the price of the land you are being given, plus the amount you are investing in building it, against the amount he is investing in building it and use that as your percentage split as obviously the price of the land will increase as well over time.

What a great opportunity being able to build your own house - have fun!

joe21_2

Thankyou, all very much for your advice, I printed off some of the replies and showed them to my boyfriend as evidence that some people do think the same as me. Although he is still saying he is deeply hurt that I dont want to share everything. I know it looks bad but I think in this modern world thats the way things are starting to be. His and my parents both started off with nothing so it was not an issue but we both have interestes that I believe need protecting.

Thanks again x

Oddgy

joe21 wrote:

I printed off some of the replies and showed them to my boyfriend as evidence that some people do think the same as me.

Oooh, Ouch. That was bound to hurt.

cuffie

Reverse the situation - would he have done the same?? You just never know these days - I agree with the others. Good luck and enjoy it! There's not many people who get that opportunity these days, so don't let this put a damper on it. Just make your plans and have fun.... I know my husband would be happy with the situation that we could do something like this and be grateful to my uncle - he wouldn't be worried about the split of money. I know its a bit different when you are married and have children, but just be glad that you can do it. x