First home with partner = how much to pay???

con1888

Thanks for the will of luck Rosie-Lee. We're really excited about it but it's a big thing. None of us have ever lived alone before, both coming from parents homes!!

ruggedtoast

Um, are you the other half of this guy?

https://forums.moneysavingexpert.com/discussion/3416003

con1888

shegar wrote: »

Why not ask your boyfriend if he wouldnt mind you being put on the mortgage through land registry via a solicitor so you each own half................?...That way should you ever split up and youve been paying him half you will at least have half shares in the house..........

Can this happen if I have bad credit rating?

I'm sorry I don't know a thing about buying houses unfortunately so I hope I don't annoy anyone by asking lots of questions.

Little_Miss_Shopaholic

HKitten wrote: »

I would pay half of everything, and discuss the idea of him putting your name on the mortgage after 6 months or a year. That way, you get a trial period of living together without him signing over half his house immediately, then you can make the commitment a joint thing once you're settled.

If you're living there then it's only fair to pay half - if you weren't living there you'd have to pay all the rent elsewhere after all. And no matter how much he refuses to name an amount, probably to avoid asking for too much, he may very well resent you if you decide to only pay half the bills and leave it at that.

Yes, it's a leap of faith to pay money for a period of time into a house that you won't get anything out of, but I think that's an acceptable risk if you're confident about the relationship. Just make sure your name goes on the house eventually

This has just made me remember the discussions we had when my OH was moving in. I found it really difficult to say how much I wanted him to pay as I didn't want him to think I was taking the P by asking too much. I can't remember exactly how we came to the agreement that he would pay half but I think he suggested it.

I'm not sure that I would have been too happy had he suggested not paying anything towards the mortgage as he is not a lodger after all. We talked about what would happen if we split up from the outset so we were both clear.

Enjoy your new home together :beer:

con1888

ruggedtoast wrote: »

Um, are you the other half of this guy?

https://forums.moneysavingexpert.com/discussion/3416003

hehe no, at first I thought it could be him though !!! Til I saw that his OH rents on her own at the moment and the date of Dec 2010, he hadn't purchased the house at this point.

Little_Miss_Shopaholic

con1888 wrote: »

Do you think that is fair or is it unfair towards him that I would be paying nothing towards mortgage? I know it's his suggestion but like I say I don't want to take the P.

If it is something you are both happy with I think it is fair. You have to do what is right for both of you.

Ulfar

I would pay half of bills, food, council tax but not mortgage.

Your other half has suggested a very decent solution in that you pay the money you save in rent off your debts.

As for adding you to the deeds and the mortgage, if it was me that would be a no. The alternative would be to buy somewhere else together in the future when you know it is for keeps. The money you are saving once your debts are paid can be put away for your contribution to the deposit.

con1888

Also, is it worth or even possible to have any sort of legal thing drawn up? For his sake more so I guess.

If I am not on mortgage, there is no way I can gain any of the house/money paid to it is there? More for his peace of mind.

It seems awful to be thinking ' if we split' because we are very happy and stable but sadly the way things happen these days you just can't assume everyone including yourself will be happilly ever after.

con1888

Ulfar wrote: »

I would pay half of bills, food, council tax but not mortgage.

Your other half has suggested a very decent solution in that you pay the money you save in rent off your debts.

As for adding you to the deeds and the mortgage, if it was me that would be a no. The alternative would be to buy somewhere else together in the future when you know it is for keeps. The money you are saving once your debts are paid can be put away for your contribution to the deposit.

I'm beginning to think this is a good idea, to get rid of debts because although at the moment it doesn't really benefit him, it will in the future as I will eventually be debt free and we could look at buying a joint mortgage.

I'm not sure he would want to buy elsewhere though because the house he bought was from his mother and he has lived there ( on and off as parents are split so spent part week at his fathers) all his life. I can't be totally sure though, he may not be bothered atall, I think if it was a nicer house he wouldn't mind selling on.


I am really glad I came on this forum. Getting some great input and help.

shegar

con1888 wrote: »

Can this happen if I have bad credit rating?

I'm sorry I don't know a thing about buying houses unfortunately so I hope I don't annoy anyone by asking lots of questions.

You will have to go through a credit check, I honestly dont know what the outcome would be, best to see what the OH says, he may not want you to own half of the property..........