Buying rented home alone but living with girlfriend

AdrianC

Mojisola wrote: »

If the relationship becomes permanent...

And when's that?

Guest101

AdrianC wrote: »

And when's that?

Double sized coffin...

Guest101

BlaEm wrote: »

OP - my partner and I drew up a Living together agreement. Our situation was slightly different - I already owned a flat, which I was selling and then buying a property where we would live together for the first time. My partner had equal earnings, capital and good credit, but wanted to invest this elsewhere.

We made sure the agreement specified that his contribution would be rent, and based this on 50% of discounted market rate rather than 50% of the mortgage. I've paid 100% of any decoration, repairs, improvements etc.

It may not be very romantic, but we both wanted to protect ourselves - I'm not allowed to just kick him out without notice, for example.
We had an open discussion and came up with a solution we were both happy with.

So long as your girlfriend is happy with this plan, then no one elses' opinion matters. Do discuss the longer term plan though - for example, say you get a mortgage on a two year fixed, you can plan for her to spend that time building her credit rating back up.
You say she has almost no money - if this is because she's a low earner rather than frivolous, perhaps agree that the rent she pays will be X so long as she saves the difference to build up her own deposit. This way in a few years you may be in a position to own as partners.

You have a contract, nothing more, nothing less.

Mojisola

AdrianC wrote: »

And when's that?

That's for each couple to decide.

jayss

Your mortgage will be the same if your girlfriend lives there or not.
When you break up (and it sounds inevitable) she'll have paid off some of your mortgage and have nothing to show for it, and none of the protection of being a tenant. You can just throw her out. Hardly fair or balanced.

Mojisola

This thread is running looking at the question from the other viewpoint -
https://forums.moneysavingexpert.com/discussion/5562109

Guest101

Look it's simple to avoid.


Partner simply saves the equivalent amount in savings account and buys-in down the line.

Ozzuk

AdrianC wrote: »

And that's where the fun and games start...

I'd suggest thats when the fun and games stop

nubbins

Pixie5740 wrote: »

. (I'll give you a clue, lodgers don't share a bed with their landlords).

Thats not always true, I used to rent a room for a while in my early 20's and even though the landlady was 78 we came to an understanding which ended up with me getting a significant rent reduction in return for "fun night, as she used to call it.

moneyistooshorttomention

AdrianC wrote: »

And when's that?

I assume Mojisola means "marriage". That's permanent - well it's meant to be anyway....

Which introduces another thought into the equation - suppose the girlfriend decides to stage an "accidental" pregnancy on her own? What happens then? A jointly-planned pregnancy would count as permanent I would say but a solo decision on that by the girlfriend wouldnt - but how would one prove it hadnt been a joint decision?