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More BR Questions
lala9
Posts: 686 Forumite
Apologies, I keep asking questions 
As I will be moving in with my partner later in the year how will this effect my BR. Obviously my SOA will change, not sure how much. But I guess I will be allowed 50% of the living expenses as a couple???? Any advice greatfully received.
As I will be moving in with my partner later in the year how will this effect my BR. Obviously my SOA will change, not sure how much. But I guess I will be allowed 50% of the living expenses as a couple???? Any advice greatfully received.
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Household expenditure can be split according to earnings. So if you earn 60% of total household income then you pay 60% of household expenditure, rent, bills etc. Or you can agree a 'rent' to include bills and just put that on your SOA, no need to include partner's contribution to the expenditure then.When I joined, I needed a name. The forum members gave one to me...I am INAN
"Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt0 -
Ah I see, I will have to have a go at drafting one and see how it fairs, thanks Inan.Ineedaname wrote: »Household expenditure can be split according to earnings. So if you earn 60% of total household income then you pay 60% of household expenditure, rent, bills etc. Or you can agree a 'rent' to include bills and just put that on your SOA, no need to include partner's contribution to the expenditure then.0 -
Ineedaname wrote: »Or you can agree a 'rent' to include bills and just put that on your SOA, no need to include partner's contribution to the expenditure then.
Im afraid that wont wash with the OR, if you are a couple you are assesed as a couple, the above would only be aplicable if say you were living at your parents house or something like thatHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
I thought some had managed to do that when moving in with a partner who owned their own home, so as to avoid any equity issues?When I joined, I needed a name. The forum members gave one to me...I am INAN
"Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt0 -
We will be renting, however he does own a house too.0
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you would not gain equity in that short period of time anywayHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
dont worry i was answering INAN, not applicable in your circumstanceHi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.0 -
Can someone please clarify this for me, still confused.com.0
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if your future partner lived in a house they 'owned'....then after a period of time living together, you become entitled to a percentage of the 'equity' in that property.
I'm not certain exactly how long you would have had to have been co-habiting....but eventually you would become entitled to 50% of the equity in that property.....which would be realised if you split up from your partner...No, I don't think all other drivers are idiots......but some are determined to change my mind.......0
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