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

Pixie5740

renkin wrote: »

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.

Why aren't you looking at properties with a home in mind because that's really what she (you) are trying to purchase. If you want to invest in something invest in stocks & shares, a BTL, Peer-to-Peer lending.

The bottom line is that she does not want you to have any beneficial interest in the property. The mortgage lender won't want you to have any beneficial interest in the property. It's not something you can compromise about because it's an either-or situation. Don't contribute towards the mortgage, save your money so that in a few years time when she's looking to remortgage or you're looking for a new home you can apply jointly.

Soundgirlrocks

I think there is a lot of hysteria around beneficial interest. Interestingly no one ever mentions it regarding adult children living at home who pay their parents room and board. You can find more information here

The key point is, This can be a very complex area of law and you'll need the help of a solicitor if it applies to you.

If your girlfriend is putting down all of the deposit, the mortgage is in her name (and therefor she is the one legally responsibility for its payment) a court is highly unlikely to award you to half of the equity in the property after a few years cohabiting. The longer you stay in that situation the greater your chances of being awarded slice of the pie, but a judge will look at what is fair for both of you. And you will have to prove why your share should be different to the legal title. You will have to pay the legal cost to pursue, what could amount to a relatively small amount of money.

I suggest a little bit of common sense. If you and your girlfriend do move in together and you decide not to give her any money that she may use towards the mortgage then how will that impact on your relationship? Will you be loaded as you are effectively living rent & mortgage free? I know how I would feel as the gf in that situation and you would be out on your ear!