GF paying towards mortgage, need advice

jimbog

sevenhills wrote: »

You dont seem to have any confidence in this relationship.


What is wrong with your partner having interest in the property?
Because it doesn't belong to her

Its not like she will get an automatic 50% share from laying flooring in the house.
It's a slippery slope

I would say to the girlfriend: 'I don't feel comfortable with you spending YOUR money on MY house why not save it instead for when you get your own place'.
Always refer to it as 'my place' rather than 'our place'

mobileron

Had this problem a few years ago,GF lied and said she had invested in the property, then put a charge on it.

Had to take her to court to remove it,cost me £19,000 for the case and a good job i had saves all the bank statements proving i had spent the money.

She of course couldnt find her bank statements to prove her spend.

onwards&upwards

jimbog wrote: »

I would say to the girlfriend: 'I don't feel comfortable with you spending YOUR money on MY house why not save it instead for when you get your own place'.
Always refer to it as 'my place' rather than 'our place'

They’ve been together years though, their rented home was presumably ‘our place’.

It’s a bit of a kick in the teeth for the relationship or an indicator of how well/badly its going, that they’re getting further apart rather than closer together.

What’s the future holding here?

AdrianC

onwards&upwards wrote: »

They’ve been together years though, their rented home was presumably ‘our place’.

It’s a bit of a kick in the teeth for the relationship or an indicator of how well/badly its going, that they’re getting further apart rather than closer together.

What’s the future holding here?

That's certainly the big question...

vaporub wrote: »

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

Mojisola

vaporub wrote: »

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.

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.

onwards&upwards wrote: »

They’ve been together years though, their rented home was presumably ‘our place’.

Presumably, she's not going to ask for the rent she has paid their LL to be given back to her but that's what she wants from vaporub.

She's not going to be paying her way - she's going to be giving him a loan which she will want repaid if she decides to leave.

If he does want to go ahead with her demands, maybe he should continue to pay the full mortgage and put what she pays into savings - the same for anything she pays for in doing up the house.

I would get in writing from her that, if she decides to leave, she will have the money returned (as she is now asking) but have no claim on the property. If she refuses to sign that, he'll know that she intends to get a share of the house as well.

FreeBear

jimbog wrote: »

I would say to the girlfriend: 'I don't feel comfortable with you spending YOUR money on MY house why not save it instead for when you get your own place'.

A not very subtle way of saying "I don't think this relationship is going to last".

onwards&upwards

Mojisola wrote: »

Presumably, she's not going to ask for the rent she has paid their LL to be given back to her but that's what she wants from vaporub.

Once again, rent is different to a mortgage. A mortgage is not just a payment for a roof over your head, it’s an investment in an asset.

Would you invest in somebody else’s asset with no chance of a return?

Mojisola

onwards&upwards wrote: »

Once again, rent is different to a mortgage. A mortgage is not just a payment for a roof over your head, it’s an investment in an asset.

Would you invest in somebody else’s asset with no chance of a return?

bsms1147 wrote: »

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'.

I'd follow the method described by bsms - if she doesn't want to do this, I've suggested that vaporub puts the money aside so he can pay her back if they do break up.

If they don't, then there will be a nice savings pot for them to share as a couple.

When you pay rent, you are paying your LL's mortgage and don't expect to share in the asset or have your money returned.

onwards&upwards

Mojisola wrote: »

When you pay rent, you are paying your LL's mortgage and don't expect to share in the asset or have your money returned.

I think your plan is a good idea, but just to point out, when you rent from a landlord they may or may not have a mortgage but the business relationship is clear. Living with your partner is not a business relationship and they are not your landlord.

Mojisola

onwards&upwards wrote: »

I think your plan is a good idea, but just to point out, when you rent from a landlord they may or may not have a mortgage but the business relationship is clear. Living with your partner is not a business relationship and they are not your landlord.

But neither do you own the house you're living in.

It's an issue couples have to sort out between them but, as the partner is already laying out what she wants to happen to her contribution should they split up, it's only right for him to arrange things so that his asset is protected.