Fianc! moving into home I own

LilElvis

Mapeidde wrote: »

I have just returned to work, albeit it now part time, after a 10year break. This was to enjoy bringing up my daughter. Like yourself, my parents help me out a lot and gave me the opportunity to take a break. I now have a ‘perfect for me job’ which I really enjoy. Very flexible, but on minimum wage. You have lovely parents too, allowing you that

Being realistic, given your minimal income the only way you would be able to repay him in the event of a split would be if your parents were prepared to pay him.

Gavin83

Mapeidde wrote: »

I’m not asking for your opinion, I’m asking if anyone knows if there are any options to take to protect my house AND protect my fianc!’s investments he makes to the property.

You've already had that advice, the only real way you can protect your assets is to not get married. After 5ish years the standard upon divorce would be a 50/50 split.

He doesn't need to worry about his contributions either. If you don't get married and he contributes to any home improvements he'll be considered as owning a portion of your property relative to what he's paid in.

Mapeidde wrote: »

Yes, I’ve thought about that. She is 13 just now so not long till she turns 18.... haha I like that!!! I’m laughing but even your own daughter could evict you lol ��

It's really not that funny. I've seen cases and topics on here of people (normally elderly) gifting their homes to their children and being evicted and made homeless. It happens and while people would believe their kids wouldn't do that I'm sure those evicted thought the same.

It really wouldn't be good for you and it wouldn't be good for your daughter either.

Poor_Single_lady

These posts always make every relationship sound like a business arrangement.

No mention of love. Not everyone less wealthy is after everything they can get.

Mapeidde

Gavin83 wrote: »

You've already had that advice, the only real way you can protect your assets is to not get married. After 5ish years the standard upon divorce would be a 50/50 split.

He doesn't need to worry about his contributions either. If you don't get married and he contributes to any home improvements he'll be considered as owning a portion of your property relative to what he's paid in.



It's really not that funny. I've seen cases and topics on here of people (normally elderly) gifting their homes to their children and being evicted and made homeless. It happens and while people would believe their kids wouldn't do that I'm sure those evicted thought the same.

It really wouldn't be good for you and it wouldn't be good for your daughter either.

Gavin, thank you for your comments... they really make sense. I’m in a confusing position. My parents don’t ever want me to be homeless, so through their kindness they have bought me a house. They don’t want anyone to take that from me, which I appreciate and understand. But, it’s causing me a bit of a problem trying to figure out what to do now that my fianc! wants to move in. Now, he hasn’t and will never need to pay anything for it as it’s already owned outright. It would be terrible if say 1 year or 6 after we get married he wants to leave. He will be entitled to half of a home that he hasn’t paid a penny for. MY GIFT. I have no doubts in our relationship but you have to think of these things as it does and can happen.. I could never afford another home the same as this one. He wants to add a second bathroom before moving in as he feels we need another one and is happy to pay for it.
If we didn’t get married, that’s not commitment. Also, he would be living in fear of getting thrown out and he would probably not do anything at all to the house like repairs, decorating, i’d Have to pay for everything. It’s sooooo tricky.

Poor_Single_lady

My mistake. I see love is hidden in there before house given to YOU.

BrassicWoman

Here's another option.


Rent your home out, and with the rental income on your side, and his wages, rent somewhere for you all to live, that suits you and is big enough.


If that goes well and you want to be a forever item, then move into yours and put it in joint names, or sell up and buy somewhere together.

ViolaLass

You don't HAVE to be married to show commitment, if that is your concern.

Mapeidde

ViolaLass wrote: »

You don't HAVE to be married to show commitment, if that is your concern.

I know that, but he wants us to get married as he feels it’s commitment.

gettingtheresometime

Mapeidde wrote: »

I know that, but he wants us to get married as he feels it’s commitment.

But do you want to get married?

If you do then you have to accept that there's a risk that should you split up he may claim 1/2 the house in any settlement.

Of course he may be one of life's good guys and a) you have a long and happy marriage or b) you do split up but he does the honourable thing and doesn't make a claim on the house.

Poor_Single_lady

You totally have the wrong attitude to get married.
You don’t say that you want to, only that he does. Are you in love. You don’t sound like you are.

You sound like you are putting the house before him. I wouldn’t want him to marry you if he was my friend- I would think what is he doing with this person that only seems to care about the house.

Putting your ownership in capitals makes you look very spoilt in my view. Like you are saying it’s MINE MINE MINE.