should I let near bankrupt move in?

Emmzi

natwill wrote: »

Thank you, yes I have seen the threads which is why I am so worried..

Could I give him a rent book and he could "rent" second bedroom?

Don't think I don't love him , I do, but he is currently taking up a new extreme sport costing thousands whilst I get lodgers to help pay to renovate my new home (bought a year ago) and I sometimes despair

You could technically, but it'd change the nature of your relationship fundamentally. Do you really want to turn into nagging landlady? He can't even pay the mortgage on something HE OWNS - sure as heck he won't pay yours.

Save yourself the cost of changing locks later. Stay BF/GF, owns houses, own finances. If he's serious about a future with you, and you want that - then eventually he'll wise up.

I would be angry with him for even making the suggestion and putting you in that position.

natwill_3

Thanks all, I think I kind of knew but didn't want to admit it, bad news really

I'm going to work on making him have LBM if not doable then as you say no dice

RAS

Ok

But be warned that he will do anything to make you think he has had a change of heart but as soon as he moves in, he will revert.

The proof of the pudding is on the eating. He agrees to do and share a full credit check, and admits any other informal debts, and devises a plan to pay them off. Then he sticks to that for a considerable time (at last a year). Do not help or hinder him in that time (by wanting expensive holidays or subbing him).

Then reconsider.

Broken_hearted

Jacks_xxx wrote: »

As soon as you have a joint account with him, or a joint CC with him he'll affect your credit rating - and if you marry the fool you can be chased for his debts.

Since when?

tigtag02

Jacks_xxx wrote: »

As soon as you have a joint account with him, or a joint CC with him he'll affect your credit rating - and if you marry the fool you can be chased for his debts.

Broken_hearted wrote: »

Since when?

Since always ~ dunno about the chasing bit!

Broken_hearted

Joint credit with anyone with bad credit can damage you credit rating yes but you can't be chased for a debt you OH run up unless your name is on it.

GettingThingsDone

hi natwill - what would you advise a friend to do in your situation? i think the only answer is to steer clear. harsh but true...

gtd

RAS

ts_aly2000 wrote: »

Once he's bankrupt and under the scrutiny of the OR (Official Receiver) it could be determined that he has contibuted to your property and has a beneficial interest in it.

It doesn't matter if you have rent books or spell it out mutually. If you're a couple, the OR will want a proportion of your property. The bit where it gets tricky is that you have to prove everything left right and centre. And if you can't, then the OR will have half of your property.

Whoa

That is not the case. But OP would need to prove that OH has not contributed to the housing costs. It would be OK for him to contribute his share of the other bills.

As I understand it, it would take some years before the OR could claim a Beneficial Interest. And given the Ops current equity it would never be 50 %. But it would be a pain proving that there was no beneficial interest.

How if OP married and OH succcessfully claimed any capital from the house when the marriage broke down, then that would be beneficial interest and that could affect op. If you want the definitive word, post on the BK and Living with it board. A number of people there are in this situation.

GettingThingsDone

ok, completely my opinion (obviously i don't know the guy!) but to me its not about whether he goes bankrupt or whatever, it just sounds like (from the OPs description) that he's the kinda guy who will do whatever it takes to avoid paying his way, and he'll take down whoever he can. generalising i know but you can imagine the OP being asked to re-mortgage, take out loans etc etc which she might do because "she's in love"...

RAS

GTD

I know, this is exactly what has happened to many people on here.