GF paying towards mortgage, need advice

vaporub

HI all

I am in the process of buying a house in my name only, I have been with my gf for several years and she will be moving in with me.

I am paying all of the legal costs and the deposit but i was planning on splitting the mortgage repayments with my gf along with the bills as well. My deposit is close to 160k and the mortgage is 35k over a 4 year term and other costs of about 2k.

Our relationship has been rocky in the past with her wanting to break up but at the moment is all good.

The other day we spoke about what happened if we broke up and she would want all her money back including mortgage payments and any work done to the house. That could end up being around 20k or more if we broke up in 4 years.

Is that fair?

I did mention that I am happy to pay the full mortgage but she didn't want that.

Any advice is helpful.

pinkshoes

DO NOT let her contribute to the mortgage!

Far too complicated.

Just let her pay 50% of bills and food.

That way no money to pay back when/if you split up.

AdrianC

Have cake.
Eat cake.

Choose.

G_M

As above. If she contributes directly to capital improvements (eg pays for new kitchen, redecorating) or to the mortgage, there may be implications as to her rights.


Everyday costs are fine.
Charging her a rent would be reasonable - not sure what her status would legally be: not tenant; not lodger; but I belive still an 'Excluded Occupier'.

csgohan4

Bet she doesn't mind pay your mortgage

http://england.shelter.org.uk/legal/relationship_breakdown/cohabiting_couples_sole_owner/rights_to_occupy_the_home/beneficial_interest

I would certainly protect your self and your assets especially if your relationship isn't so solid.

Keep mortgage bills separate, she can pay for being a lodger or for food

She definitely knows what she is doing, tread carefully, it's not just money and assets you need to look for

vaporub

She already has plans with the house to paint some rooms, put in laminate flooring and a new bathroom.

I wouldn't really want to charge her rent, cant see her taking that very well!

But I am willing to pay the full mortgage and she just contributes the 50% bills and food, she wasn't very happy with this this when i mentioned it though.

Marvel1

vaporub wrote: »

But I am willing to pay the full mortgage and she just contributes the 50% bills and food, she wasn't very happy with this this when i mentioned it though.

She knows what she is doing fair play to her.

vaporub wrote: »

She already has plans with the house to paint some rooms, put in laminate flooring and a new bathroom.

Who's house is it again?



Summary: Look at the advice given if she contributes to home improvements and mortgage and her reply to you, you know the truth.

vaporub

Thank you all for the quick reply's

Not sure how I will play this, if I tell her to not help at all with the house she will take it very badly as she wants it to be her home as well.

I will mention again that I'll pay the mortgage on my own. I don't see how anyone can be unhappy with this as shes living mortgage / rent free.

csgohan4

putting it bluntly she's after your house indirectly, she can't afford to buy one herself, knew you were able to buy alone so she's all over you like a rash.

If your unable to see this or say No, you deserve everything you get.

It's your house, if you don't mind giving your hard earned equity in the house to your GF who you says is giving you problems, then go ahead

Your not married and the house is bought by your yourself and you want to keep things separate. If the GF can't or unwilling to accept this, she can buy one her self or find someone else.

bsms1147

It's been suggested before that the other person puts an amount equivalent to half the mortgage away into savings. Their savings, in their name only, not joint and with no access by you. If things go belly up, it remains her money, she keeps it and over all that time she hasn't contributed to the mortgage. If at a later date however you later decide to get married, to combine finances, or to redecide how you're playing things, these funds can then be used jointly and she can 'buy in'.

AdrianC

vaporub wrote: »

Not sure how I will play this, if I tell her to not help at all with the house she will take it very badly as she wants it to be her home as well.

Whether she views it as her home is different to whether she has some kind of ownership stake, of course...

I will mention again that I'll pay the mortgage on my own. I don't see how anyone can be unhappy with this as shes living mortgage / rent free.

There's an obvious (if cynical) answer. And that's that she's playing the long game for leaving you and taking a chunk of the property with her.