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Should I let my new boyfriend buy a stake in my house?
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Find the most experienced, cynical, sceptical female solicitor you can and listen to her..................
....I'm smiling because I have no idea what's going on ...:)0 -
Hi
From a purely financial point of view as a couple what interest rate are you paying on your mortgage v what your partner will be able to earn on the money in a savings account ?
From your point of view yes there are the risks you've identified but also what message are you sending to your boyfriend if you''re not willing to let him invest ?
Your boyfriend is also taking a risk in terms of linking his finances with yours and although it's not a proposal it is a big gesture of commitment.
For me it comes down to whether you see this relationship being long-term or not and how you structure your finances as a couple. But if you do decide to let him invest make sure you sort everything out legally.
Jen0 -
Take it from his point of view. Why would he want to live in a house that he has no legal right to live in and could be thrown out at any time?Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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Is he paying rent atm, plus a half share of the utilities? Like a flatmate would?Val.0
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Can you manage the mortgage on your own?
If so, then no I wouldn't.0 -
If he's prepared to invest in a wedding ring as well, I'd suggest going ahead. Otherwise, no way !0
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^^This.C_Mababejive wrote: »Take it from his point of view. Why would he want to live in a house that he has no legal right to live in and could be thrown out at any time?
He obviously thinks you have a future together - as you say, it's unfair to deny him the security of living in a house he (at least partially) owns.
As others have suggested, if you're worried about the investment why not invest in a rental flat with the money he pays you?
How old-fashioned - sharing a house is definitely more commitment than a piece of paper.If he's prepared to invest in a wedding ring as well, I'd suggest going ahead. Otherwise, no way !Do you not know that a man is not dead while his name is still spoken?
― Sir Terry Pratchett, 1948-20150 -
If you love and trust him then absolutely. Just tie it up legally so if anything does happen, that you would not be financially disadvantaged. Use the money saved to make wonderful memories. I bought a holiday home abroad, and I have never regretted it. It's great being financially sensible but we also need to remember that the best investment is in living a good life. Good luck.0
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Your house is very important to you and in this day and age even more so. Do nothing until you get proper legal advice. DEFINITELY.
It will be money well spent for your future security and peace of mind.0
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