partner moving in

oxford_yellow

Hi, i own my house £160k left on mortgage and worth around £260k - my partner currently rents but we are looking to live together at my place.

to "protect" myself financially, in the early stages, whats best to do/rights? i don't think asking her to sign a tenancy agreement will go down to well

what have others done/how have they approached it?

Comms69

Nor would it be legal. She's not a tenant, nor a lodger.


It's simple. Ask her to pay half of bills, but no 'rent' nothing towards the mortgage.


Yes she will live cheaply, but you can suggest she saves it to buy into the house down the line.

Tom99

[FONT=Verdana, sans-serif]There is no reason why you can't charge an element of rent on top of 50% bill, that would only be fair, but you might want to both sign a cohabitation agreement which can include the fact you partner is not acquiring any beneficial interest in the property.[/FONT]

Amanda_Cm

I know people above are giving financial advice here but from emotional point of view asking for rent is like house sharing, nothing to do with love.
I think part of the bills is fair and she can save to buy her part in yours or move to another place with joint mortgage one day.

catflap11

I did this and moved in with my partner, we simply split the bills down the middle. I'm saving to buy a house myself so this works well in the long run.

ScorpiondeRooftrouser

catflap11 wrote: »

I did this and moved in with my partner, we simply split the bills down the middle. I'm saving to buy a house myself so this works well in the long run.

This sounds rather bizarre.

It sounds like your partner is allowing you to live rent-free so you can save and buy yourself a house which he or she will have no stake in. Where are you both going to live once you buy a house?

catflap11

By splitting bills, I meant the mortgage also. I plan to rent out the new place

Smodlet

catflap11 wrote: »

By splitting bills, I meant the mortgage also. I plan to rent out the new place

That is what I thought you meant, catflap11.

TBagpuss

A cohabitation agreement would protect you - it can specifically set out what will (and won't) result in you partner gaining any interest in the property.
And having the conversation ahead of time should help the two of you to make sure you both have the same expectations so you can address these now, rather than finding out that you were not on the same page if things go wrong later down the line.

Pa_Ja

You could also ask her to pay half the mortgage but infact you could just squirrel that money in another account so if the day comes and she either wants to invest, you could use that saving lump or return it to her if she moves out...