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GF paying towards mortgage, need advice
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At the moment she saves all her money in the joint account we have together, this account was intended for bills only but she now uses it for her savings. I did say to her it needs to just be 50 50 for bills not also savings as we don't know who is paying for what.
I can now see this causing problems as well
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Your girlfriend has made clear to you that she expects a return for any money she is putting towards the house be it mortgage payments or improvements.
If you accept this money you will have no defense when she claims a beneficial interest in the house at a later date.0 -
At the moment she saves all her money in the joint account we have together, this account was intended for bills only but she now uses it for her savings. I did say to her it needs to just be 50 50 for bills not also savings as we don't know who is paying for what.
I can now see this causing problems as well
Best to uncouple yourself financially, and withdraw what is yours to your own account, perhaps mention things are going too quick or you want to ensure things are clear financially.
You need to evaluate your current status with your GF from a financial perspective.
It's clear the boundaries have been blurred and your GF is taking you for a ride"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Be very wary, and, think everything through very well before this gets too far down the line.
With emotional and/or drama ridden relationships the home/mortgage/money sides of things can get very, very, complicated and the equal/fair/right/ side gets ripped right apart and can lead to a lot of pain, frustration, and anger.0 -
Is the issue here YOUR deposit? and the concern that if things go wrong you could lose half of that?
Could you afford a house together only using a small bit of your deposit so you are buying and paying for it as (almost) equals. So if it goes wrong you still have your deposit in savings in your name.0 -
Is the issue here YOUR deposit? and the concern that if things go wrong you could lose half of that?
Could you afford a house together only using a small bit of your deposit so you are buying and paying for it as (almost) equals. So if it goes wrong you still have your deposit in savings in your name.
OP can buy by themselves and if kids get involved this will it even more difficult regarding the house if they bought together.
OP buy by yourself and take advice as other suggested not by Prodave
Don't dig yourself even deeper by buying with her"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
At the moment she saves all her money in the joint account we have together, this account was intended for bills only but she now uses it for her savings. I did say to her it needs to just be 50 50 for bills not also savings as we don't know who is paying for what.
I can now see this causing problems as well
She sounds a bit odd...
She should be saving in her own bank account.
She will be saving £X per month not having to pay rent so she can then put this aside for the future.Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
I had already mentioned to her about paying a small deposit then equal payments, she had no money for deposit but it would still be a much smaller difference in the investment.
She didn't want this though she said to not change the deposit amount, because we will end up paying so much more interest.
I am really worried now 😬0 -
Keep mortgage bills separate, she can pay for being a lodger or for food
Just to clarify, she can't actually be classed as a 'lodger'.
Agree with others: half bills, food, etc. Nothing towards property nor mortgage.
Hope I'm not speaking out of turn or being judgemental after such short info from yourself, but are you sure you're not just plodding along because of habit, even maybe laziness, or not wanting the drama of splitting up? Trust me, life is so bloody short. Don't be scared of making this your fresh start. If she moves in with you, it'll be ten times harder and she'll have you over a barrel.
Good luck.2024 wins: *must start comping again!*0 -
Yeah I said for her to set up some savings account like a regular saver but she hasn't done it yet0
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