Renting to a boyfriend?

catlover1_2

Sorry I know I am only a newbie but I thought MSE was about helping not judging.

Everybody has different circumstances and not all couples have joint finances or the same views.

I cannot see why it is not possible as long they consult a solicitor and draw up a clear agreement that all parties clearly understand and are happy with.

whats wrong with the idea that everyone can be clear on where they stand financially.

xx

JohnInDebt

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.

Shouldn't you have made sure he was 'covered' a couple of months back?

It's good to see that you are being wise to protect your property in the event of a relashionship breakdown, but I fear you've been reading too many copies of Heat magazine where celebrities get stung for half their wealth.

Could you remortgage in both your names and stick any equity into a savings account in your name only?

irnbru_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?

Issue a rent book.

Daddy's_Girl wrote: »

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.

People contributing to a mortgage are entitled to any return on their financial investment when the relationship ends. Or even share some of the loss.

Search this forum for 'boyfreind' or girlfriend' to see similar threads.

Cactusgirl

why should the OP not protect her own investment? - maybe if more people were a bit more savvy about this kind of thing people would not end up getting screwed over. Ok they are having a kid but we do not know any of the circumstances. Some people might see it as untrusting/hard nosed - I see it as being sensible.

When I moved in with my bf (now hb) I had a house and I ensured I kept this and my own financial independence should I ever have needed it. Now we are married I view things slightly differently.

From what I understand is that if your bf is seen to be contributing to the mortgage/house repairs/improvements then he has a claim on the house should you split up. You should seek solicitors advice on this though. Is there no way that he could cover the bills/food/other outgoings etc

Or as someone else suggested he could invest the money you have already paid into the house and then it is a joint investment and he would not be making money on any equity you have paid off in the meantime.

catlover1_2

Cactusgirl wrote: »

why should the OP not protect her own investment? - maybe if more people were a bit more savvy about this kind of thing people would not end up getting screwed over. Ok they are having a kid but we do not know any of the circumstances. Some people might see it as untrusting/hard nosed - I see it as being sensible.

When I moved in with my bf (now hb) I had a house and I ensured I kept this and my own financial independence should I ever have needed it. Now we are married I view things slightly differently.

quote]

I agree totally

moneysavinmonkey

TO Landandy + macque.

I do not know the OP, but I have read their other threads, I suggest you do the same and then I'd like to hear your justification for your comments.

LandyAndy

moneysavinmonkey wrote: »

TO Landandy + macque.

I do not know the OP, but I have read their other threads, I suggest you do the same and then I'd like to hear your justification for your comments.

Supporting people in bad decisions isn't helping them.

roses

Are you kicking out a lodger so that your boyfriend can move in? If yes then it's easy to give them a lodger rental agreement.

What's going to happen when your baby comes? Who will be paying the mortgage/bills/food etc?

Libra1975

LandyAndy wrote: »

Supporting people in bad decisions isn't helping them.

why is being sensible and sorting things out properly making a bad decision???

tr3mor

I'm with Landy on this one. If he is contributing to paying the mortgage then he'll rightfully have a claim on the house.