Charging rent for 21 year old

ScENeYmE

I'm 20 and both me and fiance both live with my parents (not the ideal situation but had to move in with them when I fell ill) We pay £160 a month, but I do all the cooking some cleaning and all our own laundry. My parents don't run around after us, I wouldn't let them. We help with the shopping and pay half towards the phone and internet. I know I've got it good at only £40 a week and I have offered to up the cost a bit, but my mum won't take it. I'm very lucky to be paying so little but would love to be able to afford our own place, but this is impossible at the moment as I am unable to work. I think if your child takes care of themselves, (laundry etc) and puts towards the bills and shopping then £40/50 is a good deal in 'renting' their room out.

little_miss_spender

i can no believe that this thread has not been updated since 2008. a lot of things have changed since then and more adult children are living at home i am starting a new thread on this subject to try and reawaken the importance of it

PhillyBoy

Are there are benefits or other implications if you charge rent to a 21 year old living at home? Someone suggested that you need to tell your mortgage company and that they will add a charge because you have a tenet? Can anyone offer advice on this?

BitterAndTwisted

A child living with their parent/s in the family home and paying "keep" can never be a tenant! Strictly, they have the same legal status as a lodger and if the property is mortgaged there is no reason to tell the mortgage-lender. I'm not clear whether the parent would have to inform the benefits people if they are claiming any themselves. Usually, a parent would charge rather a lot less than the actual cost of housing and feeding their own children who live at home unless their own financial situation was pretty dire.

The only circumstances where you would definitely have to tell the mortgage-lender is if the parent was no longer living in the property and then the child would acquire the status of a tenant if they were paying rent. In such circumstances the property-owner would need to ask the lender for Consent-To-Let or convert to a Buy-To-Let mortgage as they are now running a commercial business just like any other landlord.

SC1994

Well I'm 19 and work full time but only earn around £700pcm and I have to pay my mum £200 of that plus I do all my own laundry and tidy up all my own things plus I help tidy the rest of the house feed the cats and walk the dog. i also have to pay for my travel to work my breakfasts and lunches and half the time i buy my own dinner as well. I am one of 6 people, 5 siblings and my mum. i share a room with my two younger brothers 16 and 8 whereas my older sister 22 has her own room and pays half of what I do.

my problem isn't with the money so much because i want to help my family out as much as possible, my problem is that we live in a small 3 bedroom maisonette and I'm paying nearly a third of the rent as one of 6 people and yet because my mum is the one who actually pays the rent i have no rights and my mum constantly threatens to kick me out. It's her go to point for any little or big argument we have so I'm left telling her that if i could i would, but I'm not stupid and know I would never be able to afford my own place.

Teacher2

I charge my son £100 a week to live at and work from home. He complained but coughed up. Hilariously, he doesn't know I have saved it all for when he needs a deposit on a flat. He's got nearly nine grand but doesn't realise it.

ska_lover

SC1994 wrote: »

Well I'm 19 and work full time but only earn around £700pcm and I have to pay my mum £200 of that plus I do all my own laundry and tidy up all my own things plus I help tidy the rest of the house feed the cats and walk the dog. i also have to pay for my travel to work my breakfasts and lunches and half the time i buy my own dinner as well. I am one of 6 people, 5 siblings and my mum. i share a room with my two younger brothers 16 and 8 whereas my older sister 22 has her own room and pays half of what I do.

my problem isn't with the money so much because i want to help my family out as much as possible, my problem is that we live in a small 3 bedroom maisonette and I'm paying nearly a third of the rent as one of 6 people and yet because my mum is the one who actually pays the rent i have no rights and my mum constantly threatens to kick me out. It's her go to point for any little or big argument we have so I'm left telling her that if i could i would, but I'm not stupid and know I would never be able to afford my own place.

Have you considered alternatives to this issue, like house sharing or earning more money? Working more hours if you can? Getting a second job? Would you be entitled to any tax credits

You talk about this like it is everyone else's problem but yours.

You are all obviously unhappy. If you are being threatened with being kicked out then it seems you have overstayed your welcome and are not living by the house rules.


I really don't understand this generation. Unless it is easy no one wants to bother and will happily expect their parents to deal with the financial and emotional aspects of their lives for years


To put it in to perspective, things haven't suddenly got worse for this generation:-


When my parents moved into their first flat they had less than 50p in their pockets. They moved in and slowly built up furniture and belongings over decades

onomatopoeia99

ska_lover wrote: »

Have you considered alternatives to this issue, like house sharing or earning more money? Working more hours if you can? Getting a second job? Would you be entitled to any tax credits

You talk about this like it is everyone else's problem but yours.

You are all obviously unhappy. If you are being threatened with being kicked out then it seems you have overstayed your welcome and are not living by the house rules.


I really don't understand this generation. Unless it is easy no one wants to bother and will happily expect their parents to deal with the financial and emotional aspects of their lives for years


To put it in to perspective, things haven't suddenly got worse for this generation:-


When my parents moved into their first flat they had less than 50p in their pockets. They moved in and slowly built up furniture and belongings over decades

Given you responded to a two year old post, I imagine he's sorted it out by now. The situation described where the son paid double what the daughter did and had to share a room with two siblings while she got her own was totally unreasonable. Either he paid half what his sister did, or she shared a room instead of him. Interesting though, a mother treating a daughter massively better than a son and not getting called out on it on this forum...

It is harder for this generation, housing costs vs salary are much higher then when I was young, fuelled by the rise of the wannabe Rachmann BTL landlords that have proliferated post Gordon Brown's raid on private pensions.

ska_lover

onomatopoeia99 wrote: »

It is harder for this generation, housing costs vs salary are much higher then when I was young, fuelled by the rise of the wannabe Rachmann BTL landlords that have proliferated post Gordon Brown's raid on private pensions.

OH my mistake, I didn't look at the date when I responded. How strange this thread should be bumped so late in the day


I agree with you, in previous generations rent was low, but so was wage - no such things as National Minimum wage, or tax credits that create a huge buffer these days - you either earned it or you went without.


It seems unfair that the expectation appears to be on parents of adults to keep providing for them until way into adult hood, sometimes until middle age and beyond- these same people continue working longer and harder than ever before, so their adult children can have things- giving up their retirement funds and holidays they have worked for.


I think offering a certain level of help is great, but jeopardizing your own future to assist is crazy and a lot of people are doing it, getting bank loans to help their kids with house deposits etc


No one seems to want to start from the bottom these days, and build up - it is all about fully furnished new builds and instant gratification

IMO the whole situation is unhealthy.


Give them wings and let them fly, not give them wings and then continue funding them but when you retire you can't afford to have the heating on

Sambella

My son pays me £150 a month. This will go up to £160 in January then continue to go up by £10 each year. He has no problem with this.