Could my 3y.o. daughter own 5% of a house in my trust under 18?

chappers

marksoton wrote: »

With all due respect you're talking garbage.

The op has a duty to provide a safe haven for his daughter when in his care. Not to purchase his ex partner a property.

That may very well be true, but regardless of your opinions or how sensible an idea any of us think it is it's not our decision to make and the OP didn't come here asking for moral advice.

kingstreet

Jeff.Jones78 wrote: »

She claims that she opens the CMS case to be able to have the payment counted towards her revenues and help to secure a bigger mortgage

That's not necessary.

At least four lenders I can think of off the top of my head will include maintenance paid voluntarily as long as it has been paid for at least three months and can be evidenced by bank statements.

Poppie68

Guest101 wrote: »

Excuse me?!

That's a big claim. I said that the parent who can give the child the best care should do so. If that's the mother then great, if that's the father then great.

Don't start throwing accusations around though.

What accusations?, it's purely an observation from some of your past posts!...This poster came on this forum with a question regarding putting his little ones name on a deed and from his very scant info you have again decided that a mother is unfit to care for a child, but that seems to be based on the op seemingly having more money.
From his other posts he either earns 75k or 105k....he seems a little confused which,he's expecting a large sum of money back from Capital Gains or something, which apparently nobody needs to know about;) (not the ops words)



Op You obviously want to help your ex which in turn helps your daughter, a joint meeting with your ex and a solicitor to go through the options maybe best, that way your both being told the same thing which will help going forward.

Guest101

Poppie68 wrote: »

What accusations?, This one: Your very keen to get children away from their mothers it's purely an observation from some of your past posts!... - Then you need to re-read my posts, because regardless of Gender I think a child should live with the parent who's best placed to provide for them. This poster came on this forum with a question regarding putting his little ones name on a deed and from his very scant info - I've actually been talking to the OP on the Moneysaving Dad's forum. you have again decided that a mother is unfit to care for a child - No I haven't. I simply said the Op should get himself and his daughter a home. His ex needs to sort herself out and provide for their daughter just like he will, the daughter can then have two homes. If the ex is not capable, then it is for the benefit of the CHILD to live with the best suited parent, but that seems to be based on the op seemingly having more money. - I'm not a CAFCASS representative, my opinion is my own. Since this forum is dedicated to MONEY, that is obviously a consideration
From his other posts he either earns 75k or 105k....he seems a little confused which - I believe it's the way it's calculated on previous year's P60, I have advised the OP to keep upto date with the increased pay, and calculated for him the amount he should pay. ,he's expecting a large sum of money back from Capital Gains or something, which apparently nobody needs to know about;) (not the ops words) - Not 'no body needs to know about', I said I wasn't sure how anyone would find out. I was unsure (and clearly said so) if this would be used in any child maintenance calculation, and directed the OP to use either an accountant or a solicitor.



Op You obviously want to help your ex which in turn helps your daughter, a joint meeting with your ex and a solicitor to go through the options maybe best, that way your both being told the same thing which will help going forward.

Perhaps the EX should've spoken to the OP before opening a (completely unnecessary) CMS case against him?

Jeff.Jones78

kingstreet wrote: »

That's not necessary.

At least four lenders I can think of off the top of my head will include maintenance paid voluntarily as long as it has been paid for at least three months and can be evidenced by bank statements.

Would you mind sharing the name of these 4 lenders?

J

kingstreet

Can't do that, sorry.

Mortgage advice is a regulated process. Suggest your ex finds herself an independent mortgage broker who will also have such knowledge/experience.

Jeff.Jones78

I don't want advice, I was just hoping to tell her that it was a lie when she said that she had no choice about raising a CMS case against me...

Anyway, she is now making a fuss about money to help pay for the joint-mortgage even if she kicked me out and now have to pay for my own rented place... so it confirms that we is pushing her luck and that I should not consider lending her money for her deposit.

J.

kingstreet

I wasn't suggesting you want advice, but naming lenders in the context of a case study could be construed as advice if our friendly neighbourhood regulator is looking in.

I can supply generic information and say something is possible, but not with whom or on what terms.

theartfullodger

saverbuyer wrote: »

Not possible. Someone under 18 cannot own property or land in the UK.

Kind of
Law of Property Act 1925 s1(6)
http://www.legislation.gov.uk/ukpga/Geo5/15-16/20/section/1

(6) A legal estate is not capable of subsisting or of being created in an undivided share in land or of being held by an infant.

- but it can be done by having her interest "in trust" until she is 18: (Personally I'd make that 25 to stop her p*ss*ng it up the wall at 18 years 2 days... no offence..: I took that view with my sons & an inheritance from grandparent..).

Talk to a landlord/conveyancing/trust/family law solicitor. Who will be the trustees (always at least 2: People die!)

Poppie68

OP the CMS can become involved by either party even if a private arrangement is in place if either party believe things need to be looked at again.

Several lenders will take CM into account for a mortgage either in its entirety or a percentage of, but your ex would need an agreement through the courts or CMS and a record of payments.