Help! Girlfriend bought a house...

Debtslayer

Has this not been discussed between you and your girlfriend before now?
What do you mean you are the breadwinner?
If I were you I'd pay your half and put the rest of what you were paying in rent and bills into savings in case it doesn't work out with girlfriend you will have built up some savings to hopefully buy your own place.
If it does work out then after X amount of time you could discuss with girlfriend being put on the mortgage and deeds and investing these savings into the property.
You can't expect a share at the moment if your girlfriend has put down all the deposit and fees etc, which will be a significant amount being in London!

Niv

If I were in the OP's situation I would happily pay half the bills + some rent (in this case half the mortgage sounds like a good deal as represents a significant saving).


I would not contribute towards significant renovations / improvements to the house if I were to have no right to any increase in value, however I would contribute towards basic stuff such as painting and gardening.


You are both winners in this. If you feel that strongly about it, stay in your current place, pay double the rent you could be and more in bills than if you split them with your partner. Hmm starting to sound like a good idea to move in with the GF now even if she does benefit too.


Final thought: how much could she rent a room out in her house for? If this is equivalent to half the mortgage or more then I really don't see you having too much to complain about.

HappyLassie13

Morning JJM236,

Can I ask a simple question? Have you already talked about what will happen in the long run with your girlfriend?

I only ask this, as i am currently in the same situation, but i am the home buyer. Me and my boyfriend have been together a little less than you and your partner. I decided i wanted to buy a house and i got a mortgage on my own and i am currently in the process of securing the house. I told my boyfriend about my plans and asked him if he would want to move in with me, which meant he would save a significant amount of money on rent etc.

We have had numerous conversations about it all and have agreed to split everything down the middle when it comes to household bills. We have discussed in length what would happen if we did split up, so that he did not end up penniless and homeless. We have also agreed to a timeline of two years. If we are both still as happy and content as we are now, we will become joint mortgage holders.
Its such a big and important decision buying a house and allowing someone to move in with you, that i am struggling to understand why you are asking forums and not your girlfriend?

I wouldn't see it negatively if my boyfriend asked me the questions you are wanting to ask. But i already broached these subjects with him.

As for other people slating the girlfriend and saying she's using him for money?!!! How on earth? she is saving him a great deal of money and can clearly afford it on her own, just like me!
Why are people so negative about independent women?
She can and has proved she can buy a house on her own and shes being put down for it!

Anyway, hope all goes well JJM236. Save yourself some money, that's what i've told my partner to do, then he has his own savings as well as joint ones with me.

[Deleted User]

I think if OP is the breadwinner he should buy his own house and then rent it out. That way the rent covers the mortgage and if the relationship with the G/F doesnt work he has an appreciating asset of this own.

FWIW I think the G/F would be far more concerned about OP having a claim on her house and in her shoes I would be thinking very seriously if I wanted a B/F paying rent to move in. On the face of it she has more to lose than OP.

hazyjo

BBH123 wrote: »

I think if OP is the breadwinner he should buy his own house and then rent it out. That way the rent covers the mortgage and if the relationship with the G/F doesnt work he has an appreciating asset of this own.

If he's a FTB without 25% or so deposit, that would be very hard... unless he buys and then crosses fingers for consent to let at a later date (presuming they'd not insist on BTL), but he'd not be able to live with the GF as planned and would have to make his property his actual home. If he applied for CTL immediately the mortgage co would see that as somewhat suspicious!

Lysimache

Ask for a Deed of Trust

hazyjo wrote: »

You don't seem to understand sub-letting or the difference between a lover/partner, lodger or tenant.

I'm not sure HMRC recognize lovers who pay rent, though I may be wrong!

Giving money to an partner to help pay a mortgage could be considered rental income.

£725 * 12 = £7800, a smidgen over the rent a room allowance (and if you set it against half the mortgage repayment, only the interest bit counts) and so the bit that goes over the threshold may be taxable.

I know many mortgage companies are fine with subletting without them needing to know, but that's not all of them. Eg RBS charge a £100 fee.

If someone is paying you half your mortgage that is rent if they are not on the mortgage deeeds i.e. then some of it is income from subletting which may need taxing and/or declaring to the mortgage company, even if it's just to help pay the mortgage off. Rent covering the whole of the repayment mortgage is not free of profit, as HMRC only recognizes the interest part of the repayment mortgage IIRC if you go over the rent a room allowance.

Different if she lets him stay for free.

Wanderingpomm

Trust her and just be a tenant paying rent

Stay renting at twice the amount and she can get a lodger which will be less hassle

hazyjo

Lysimache wrote: »

I'm not sure HMRC recognize lovers who pay rent, though I may be wrong!

Giving money to an partner to help pay a mortgage could be considered rental income.

£725 * 12 = £7800, a smidgen over the rent a room allowance (and if you set it against half the mortgage repayment, only the interest bit counts) and so the bit that goes over the threshold may be taxable.

I know many mortgage companies are fine with subletting without them needing to know, but that's not all of them. Eg RBS charge a £100 fee.

If someone is paying you half your mortgage that is rent if they are not on the mortgage deeeds i.e. then some of it is income from subletting which may need taxing and/or declaring to the mortgage company, even if it's just to help pay the mortgage off. Rent covering the whole of the repayment mortgage is not free of profit, as HMRC only recognizes the interest part of the repayment mortgage IIRC if you go over the rent a room allowance.

Different if she lets him stay for free.

Sorry, totally confused. What's the relevance of HMRC?


I said just pay half the bills. Not mortgage. Not rent. Nothing to do with rent-a-room either. A partner cannot be a lodger, tenant, etc. The home owner would not be sub-letting if her OH moves in.


The mortgage co should be told someone is moving in. That's about it.

David_Aston

As always on these forums, good people have covered any questions I would have asked. I do hope we here back from the Op, but I'm not holding my breath.

David_Aston

Sorry, "hear".