Buying house with partner

Caraway90

Me and my partner bought a house together last year We had never lived together. We both still lived at home with parents (which obviously helped a great deal with the saving for the house buying!) Some of my friends who are still live at home say they will definitely rent together first before committing to a house and mortgage.

Just wondered what other people's thoughts/opinions were on both options?

Should probably add we have no regrets buying when we did :rotfl:

Comms69

Rent first, always. I'm glad it worked out for you.


But 6 months rent is cheaper than a 12month legal battle if things go wrong!

Thrugelmir

Providing the business side of the relationship is also agreed at the outset. What's there to lose by buying a property. Done correctly both parties should benefit. Irrespective of how the future unfolds. Relationships breakdown after decades not just a few weeks or months. Simply no telling.

Possibly will make people think harder as well. Rather than jumping in.

Comms69

Thrugelmir wrote: »

Providing the business side of the relationship is also agreed at the outset. What's there to lose by buying a property. Done correctly both parties should benefit. Irrespective of how the future unfolds. Relationships breakdown after decades not just a few weeks or months. Simply no telling.

True, but living together, especially when moving out for the first time can put a strain on any relationship.


Whilst im sure it does happen, it's less likely that a 10 year relationship breaks down over who does the dishes.

NeilCr

Comms69 wrote: »

True, but living together, especially when moving out for the first time can put a strain on any relationship.


Whilst im sure it does happen, it's less likely that a 10 year relationship breaks down over who does the dishes.

Not sure that's true actually. Ongoing niggles about who does what can often get worse over the years.

When you're young and in lurve you are more likely to overlook it.

Generally, though, I'd agree about living together (renting) first as it is a big change.

BusyBargainz

Me and my partner done the same thing. We had house sat for periods of time for various people but never fully lived together. We couldn't afford to spend money renting and saving so bought and moved in.

It has been 2 years nearly and I don't regret my decision at all. Absolutely love living with him and love our home.

OnTheLadder

Me and my partner bought our first house last April, having never lived together before. I had always said I'd rent together with him beforehand, but we had the deposit and didn't want to throw money at rent so we took the plunge. I have to say we had been together for nearly 5 years at this point, and I had stayed at his house/his at mine most weekends so I think we knew each other pretty well - including our bad habits! No regrets, we've learnt a lot more about each other and love living together in our own home.

CurlySue2017

Going back a few years now, myself and partner at the time bought a house together and went straight from living with parents to a mortgage together. It was on a 100% mortgage to start :eek: but we quickly built up some equity and moved up the property ladder a bit to what I thought would be our forever home.

Then after 13 years we split and that was during the big property "crash". We lost everything - I mean everything - and I have been in rented since, purely because the mortgage market has changed so much and I can't save the massive deposit that I would need to buy again.

I say this not to worry / warn you, but to say that for those 13 years we were very happy and I have never regretted the decisions that we made at the time

The only regret that I do have is that I didn't fight enough to keep that house. The internet was brand new then, so sites like this where you can get a wealth of information were virtually none existant, so at the time I didn't know what to do. With the market as it is now, chances are that I will never own a property again, sadly.

I really hope it all works out for you

Caraway90

Thanks for all your interesting replies

I think it was an "if you know, you know" situation for us, as in we just knew it was the right thing to do. We lived very close to each other beforehand and spent more time together than we did apart.
6 months rent would have really eaten into our savings and after that there may not have been a house we liked for many months.

goodwithsaving

I rented with an ex. Then we bought somewhere and issues surfaced which caused the relationship to fall apart. You never know, hence why it's extremely important to get a Deed of Trust if unmarried or married for a short time.
It isn't a matter to be taken lightly.