buying with a "friend"?

Pixie5740

Why would she buy you out if the property is to remain in her name? Similarly why would you benefit from any increase in value if you are not the owner?

beeza650

davidmcn wrote: »

But she will have, because you'll be the owner (and apparently keen to view your child and ex-partner's home as your "investment"). Why would that be better from her point of view than the status quo?

Because she has the safety net of a home she likes if it doesn't work out

beeza650

Pixie5740 wrote: »

Why would she buy you out if the property is to remain in her name? Similarly why would you benefit from any increase in value if you are not the owner?

That's something we would need to formally and legally agree. Maybe I could become part owner too but we want to keep this simple and not add cost when there are alternatives.

beeza650

Guest101 wrote: »

Not quite, but basically.


The LL is renting them a room, and the room is the same rights as renting a house.


So whilst the have shared common areas, they are still tenants.

I'd say the chance of both renters digging their heels in is very slim. I bet the one that does won't enjoying a crying baby for 6 months

Guest101

beeza650 wrote: »

I'd say the chance of both renters digging their heels in is very slim. I bet the one that does won't enjoying a crying baby for 6 months

Will you and your ex partner enjoy the criminal conviction for harassment and illegal eviction?

Pixie5740

You could lend her the money and put a charge against the property as well as having some kind of repayment plan drawn up formally. That wouldn't mean you're entitled to any increase in value though just in the same way that NatWest aren't entitled to any increase in the value of my home.

If you become a joint owner with her then you'll be looking at the additional 3% SDLT on any other property you buy in the future, and potentially CGT further down the line too.

Surely the simplest thing would just be to maintain the status quo or buy somewhere just for yourself to live if things are complicated.

Guest101

On a side note, given the incredibly controlling tendencies shown in this post, the points are mostly moot.


The GF will wake up to it one day, report the OP for domestic abuse and keep the house (with a non-mol to boot)

beeza650

Dan-Dan wrote: »

This all smells of a convuluted way to cash in via the taxpayer

Put your tin foil hat back on. There's no other angle to this. If you can think of one let me know

Marvel1

Being a landlord, I would suggest reading what a landlord is suppose to and not to do etc and go from therre.

Look through some threads on here also.

beeza650

Pixie5740 wrote: »

You could lend her the money and put a charge against the property as well as having some kind of repayment plan drawn up formally. That wouldn't mean you're entitled to any increase in value though just in the same way that NatWest aren't entitled to any increase in the value of my home.

If you become a joint owner with her then you'll be looking at the additional 3% SDLT on any other property you buy in the future, and potentially CGT further down the line too.

Surely the simplest thing would just be to maintain the status quo or buy somewhere just for yourself to live if things are complicated.

We want to live together and it's too small where we are plus I can afford better. Will look into loan option against house. Thanks