Renting to a boyfriend?

Daddy's_Girl

How can I go about making sure this is all done properly

LandyAndy

Is this a wind up?

Or is it the modern idea of commitment amongst parents.




Are you going to charge the baby rent as well?

Sigur_2

..............

tsstss7

Daddy's_Girl wrote: »

I own my own house and my boyfriend is moving in and will be paying rent. How can I go about making sure this is all done properly and so that I don't end up in a bind should we split up etc? We are also expecting a baby together next spring. I've been told horror stories about people losing half their house when their relationships end and I just want to make sure I am covered.

lololol--post above v funny!!!

Hi daddy's girl - I'm not sure you will be able to protect your investment that well unless of course you already own the house outright and are not still paying a mortgage - otherwise it is likely to be seen as a contribution to this and will give him rights!

Could you not "sell" him a half share and stick that cash in a pension or other investment if you are worried - at least this would put you both on an equal footing.

Unfortunately the only way to avoid the poss of impact of maybe splitting up is not to move in together in the first place!!

More seriously if it worries you that much consult a solicitor - or dont let him move in!

asea

Well if he is paying towards the mortgage & living there with you, shouldn't he share a part of it - or will you be making a profit from him? Go to a solicitors & get them to draw up a legal agreement for you.

moneysavinmonkey

if you are living with someone, in a realtionship (esp have children) and they are contributing towards you mortgage then there is the possibility they could have some future claim on your home. This is a very grey area but I wouldn't recommend you leave it to chance. Best see a solicitor to get some proper advice. You should probably discuss with your partner as well what his expectations are.

e.g. from Shelter Website:
"I am not a sole or joint owner but feel I have contributed towards the home
If you've made contributions to the home, you can apply to establish a beneficial interest, which will take these contributions into account. Establishing a beneficial interest could allow you to get the right to live in the home, to prevent the sale of a home or get a financial share if the home is sold. If you want to apply to establish your beneficial interest you will have to go to court."

http://england.shelter.org.uk/advice/advice-6609.cfm#wipLive-26412-3


I have to say that given you have a child and are living together it seems very odd to me, but neither I nor anyone else on here knows all the circumstances so just ignore some of the above comments.

LandyAndy

asea wrote: »

Well if he is paying towards the mortgage & living there with you, shouldn't he share a part of it - or will you be making a profit from him? Go to a solicitors & get them to draw up a legal agreement for you.[/quote]

The perfect start to life together, as half the inhabitants, and all the lawyers, in Hollywood will tell you.:beer:

macaque_2

Daddy's_Girl wrote: »

I own my own house and my boyfriend is moving in and will be paying rent. How can I go about making sure this is all done properly and so that I don't end up in a bind should we split up etc? We are also expecting a baby together next spring. I've been told horror stories about people losing half their house when their relationships end and I just want to make sure I am covered.

Clearly love and trust are not uppermost in your mind. Wouldn't it be safer for you to find a male prostitute.

moneysavinmonkey

hello people?? how is this helping the OP!!

You don't know the circumstances of the OP, I can easily think of a dozen reasons why they would want to protect their house and none mean they don't love or trust their boyfriend.

please keep your judgements to youself, particularly as you have nothing useful to add.

LandyAndy

I had loads of sympathy with the OP until they mentioned CHILDREN.

Katykat

Daddys Girl, how about selling the house and buying one together? Or if you really dont want to move, remortgage your house, release some money and use it to build an extension/ refurbish/etc. This way, your BF would be paying towards the mortgage rather than paying rent. I understand you are protective towards your property, but you have more important commitments now.