Boyfriend moving in... how much should he pay?

TheMagician

There is absolutely no way that I'd allow someone to move in and pay me £145 per month to be able to have a roof over their head :eek: No way... Nor would I ever move in with someone and offer that amount of money.

The fact that he's not offering more as a goodwill gesture doesn't sit well with me. It doesn't have to be called rent, contribution to mortgage or anything else. In fact, he could easily quickly draw up something with a solicitor that says, I'm giving her £400 per month for bills and as a goodwill, no intent to cash in on the asset. If his intentions were pure, he'd gladly do it. It's still way less than any rent he would pay but more than just the basic that shows he gets a roof over his head!

This is too good of a deal for him. Do not be pressured by the fact that he comes back next month, don't let that be the deciding factor. Let him come back, get his own place, pay his own rent and bills and see how he offers you way more that £145 :rotfl:

The fact that he's trying to get the best deal possible and you're questioning it, the fact you're even here asking for advice, is a sign that your gut is trying to tell you something. If this were me, I'd be disappointed that he didn't offer more and question his intent.

He hasn't proposed yet, he hasn't saved any money for the house deposit yet. They're all ifs and maybies, do not rely on that.

coffeehound

Army blokes go from living at home to an environment where everything is taken care of for them including meals board and cheap booze. So he may not have much of a clue about what life on civvy street really costs. Hopefully its that rather than any intent to milk the situation

hazyjo

Very hard to keep splitting every bill. I'd find it a bit cringey to keep saying 'Can you give me a cheque/transfer/cash for £25' or whatever. I'd want a regular set amount monthly by standing order/DD.

BISCUIT1

Iv'e got to say I agree with TheMagician...I think he is taking the michael at £145 a month! Yes he isn't getting the benefit of investing in the mortgage but he wouldn't be if he was renting either and renting would clearly cost him way more than £145 a month.

Red-Squirrel_2

BISCUIT1 wrote: »

Iv'e got to say I agree with TheMagician...I think he is taking the michael at £145 a month! Yes he isn't getting the benefit of investing in the mortgage but he wouldn't be if he was renting either and renting would clearly cost him way more than £145 a month.

He isn’t going to be renting though, no point getting into ‘what ifs’.

If he pays for meals/nights out, food, contributes more to holidays etc. he can easily contribute fairly without their being any resentment/confusion over the house.

annandale

Half the bills and rent free? No chance. Totally derisory. Have a look at some of the what should I charge my kids in rent and see how derisory that is.

I'd said hold fire on him moving in until this is sorted.

Pixie5740

LadyDee wrote: »

So, he matches the mortgage payment by putting the same amount into a savings a/c. What happens to that money if they break up in 1, 2, 5 years time? Oh, yes he's lived virtually free for that length of time and got a nice lump sum to move out with. How's Tink going to be able to insist he does save that amount each month too?

Remember that not every penny Tink pays towards the mortgage is lost on interest, some of it is repaying the capital of the mortgage. Rather than having savings in an account Tink will have equity in the property.

annandale

Typo and can't delete What if he lives rent free for a few years then you split. Who is getting the better deal. He is. By a mile.

Absolute chancer.

Red-Squirrel_2

annandale wrote: »

Typo and can't delete What if he lives rent free for a few years then you split. Who is getting the better deal. He is. By a mile.

Absolute chancer.

So what though? She’ll be no worse off, she’ll have her house and her equity and she’ll have had cheaper bills. She’ll be able to move on with no arguments or wrangling over money.

It’s not a deal anyway, it’s a relationship, they both intend it to progress to marriage and to join finances in a few years, so this is a temporary arrangement either way while they find out if they can stand living under the same roof! If you go into a relationship worrying about who wins and who loses it’s doomed anyway.

Soundgirlrocks

I would suggest breaking it down a bit, a mortgage is made up of two parts the interest, and the capital. The capital is paying off what you borrowed, the interest is the cost of borrowing that money.

So the boyfriend should be paying half the costs of living at the property - 50% of the mortgage interest and 50% of the bills

He won't build up a beneficial interest if he does that and he is contributing to his housing costs. The difference between what he pays and what you pay I would suggest he saves, he can then at a later date buy in to the property or has some saving should the relationship not workout.