How can I invest into the flat we re moving in ?

renkin

That's some sound advice here, thanks. all.
I think I'll follow what Xylophone and many of you said, it would definitely be wiser to save towards a more personal asset while keeping the opportunity open to something common.

I would then pay her half the bills, ct etc, plus some kind of rent.
We talked about what this "rent" should be, and she proposed that that sum would be used to overpay the mortgage every year. I proposed to take care of DIY cost ( not including time doing it )
It doesn't feel right to me that I help her pay for a house I don't own, but I don't want to be a lodger with benefits either.

JUst wondering how we should split that rent and towards what. I like your model
Lewishardwick too, if you could tell me more please ?

Cheers !

Guest101

renkin wrote: »

That's some sound advice here, thanks. all.
I think I'll follow what Xylophone and many of you said, it would definitely be wiser to save towards a more personal asset while keeping the opportunity open to something common.

I would then pay her half the bills, ct etc, plus some kind of rent.
We talked about what this "rent" should be, and she proposed that that sum would be used to overpay the mortgage every year. I proposed to take care of DIY cost ( not including time doing it )
It doesn't feel right to me that I help her pay for a house I don't own, but I don't want to be a lodger with benefits either.

JUst wondering how we should split that rent and towards what. I like your model
Lewishardwick too, if you could tell me more please ?

Cheers !

You cant be a 'lodger' no matter what.


If you pay towards the mortgage, you gain a beneficial interest.

Soundgirlrocks

renkin wrote: »

I would then pay her half the bills, ct etc, .

Half your bills, if you were living else where you would still have to pay these bills they aren't her's alone they are joint.

renkin wrote: »

plus some kind of rent......It doesn't feel right to me that I help her pay for a house I don't own, but I don't want to be a lodger with benefits either.

Again if you were living else where you would have housing costs (probably higher than any rent you give your girlfriend).

I would suggest looking at your cost of living alone v living with your girlfriend. The benefits of living with her (not the saucy kind!) shared utilities, council tax, food, are all cheaper as a couple. If by splitting the costs 50/50 you are still making a saving verses living alone then I don't think its unreasonable to pay half, even if its is money towards your gf mortgage. If you split you have still had cheaper housing, and if you stay together and get married then this all becomes somewhat irrelevant.

Beneficial interest is a consideration by it really is only a major issue after several years of contributions (I don't think from memory the interest aspect of mortgage payments is factored in and since in the early days of a mortgage the bulk is interest any beneficial interest claim after a couple of years wouldn't amount to huge sums.

Having said all that I would think it was reasonable that your girlfriend pays any major costs (like a new boiler) as if you were renting you wouldn't be expected to buy a replacement boiler

Guest101

Soundgirlrocks wrote: »

Half your bills, if you were living else where you would still have to pay these bills they aren't her's alone they are joint.

Again if you were living else where you would have housing costs (probably higher than any rent you give your girlfriend).

I would suggest looking at your cost of living alone v living with your girlfriend. The benefits of living with her (not the saucy kind!) shared utilities, council tax, food, are all cheaper as a couple. If by splitting the costs 50/50 you are still making a saving verses living alone then I don't think its unreasonable to pay half, even if its is money towards your gf mortgage. If you split you have still had cheaper housing, and if you stay together and get married then this all becomes somewhat irrelevant.

Beneficial interest is a consideration by it really is only a major issue after several years of contributions (I don't think from memory the interest aspect of mortgage payments is factored in and since in the early days of a mortgage the bulk is interest any beneficial interest claim after a couple of years wouldn't amount to huge sums. ***

Having said all that I would think it was reasonable that your girlfriend pays any major costs (like a new boiler) as if you were renting you wouldn't be expected to buy a replacement boiler

*** by paying half the mortgage the OP could be entitled to half the increase in equity from increase in value though too

FBaby

How far apart will your disposable income be? Because if one has a lot more than the other, you then face the question of who pays for the joint holidays, evenings out etc..., which again could be an awkward situation if you haven't agreed before.

BrassicWoman

is there a reason you aren't getting married? it's much simpler when you are a legal couple.

renkin

*** by paying half the mortgage the OP could be entitled to half the increase in equity from increase in value though too

Yes that's what I'd like to explore : what form it could take, is there a legal way, etc
We looked and visited a lot of houses with investment in mind. The house will have a big value increase, so any kind of contributing will be beneficial.

How far apart will your disposable income be? Because if one has a lot more than the other, you then face the question of who pays for the joint holidays, evenings out etc..., which again could be an awkward situation if you haven't agreed before.

She have more, but everything we do together is split 50/50, including holidays, evenings, etc

is there a reason you aren't getting married? it's much simpler when you are a legal couple.

That's quite early at 18 months !

[Deleted User]

If you aren't thinking of marriage.., you shouldn't be thinking of 'investing' in a property she clearly doesn't want you to have an interest in. Both require commitment and belief that you clearly don't share. Sorry, I don't mean that harshly. But I think you are wasting your time right now thinking of ways you can edge into 'investing' in a property your gf is buying.

BrassicWoman

renkin wrote: »

That's quite early at 18 months !

buying a house jointly is in some ways much more difficult to untangle than getting a divorce, which (legally) requires only the passage of time and some paperwork.

I think you should back off; if you aren't ready for one because it's too soon, it's also too soon for the other.

FBaby

It's all well to believe you uveitis vested interest in a property but if it gets to the point of dispute proving it can be bey tedious and more importantly very costly often more than the amount in question.

You are better off agreeing that you will don't contribute anything towards the house and invest your money in something else.