We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Protecting deposit when adding my partner to the mortage
Comments
-
I think you should add up the mortgage payments and all the bills and split 50/50 and if she is okay with paying that then consider being tenants in common possibly.
However, and I don’t even own my own home by the way! Wouldn’t it be better for her to start saving her own deposit for her ‘own’ place and then if you are still together in 3/4/10 however many years you could join your deposits together and buy another house together as joint owners. There is no way I would be adding anyone into my mortgage if I had saved all the deposit. I currently rent and Pay double her contributions in rent and then bills on top and I have just started to save
0 -
What does she do with the rest of her money? If she buys into it, how will she afford to pay more than £300 and maintenance, or wouldn't you expect her to? Seems very cheap for bills, mortgage, food, etc. Or is some of that extra expenses?
Suddenly gaining half a flat for naff all sounds like a great deal to me. Make sure you're 100% with this. I've been divorced twice and lost out with property, and a close friend has split with her husband completely out the blue and had to split her house she'd worked hard to own after adding him to the deeds/mortgage thinking they were in it for the long haul.2024 wins: *must start comping again!*0 -
It does not seem to me to be a great idea.
If you are feeling generous, ask her to open a LISA (assuming she is eligible) and you pay half what she pays you monthly into her LISA?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards