Buying a house and girlfriend moving in

jimbo2108

Okay that's great, much appreciated!

[Deleted User]

jimbo2108 wrote: »

So she will then own a %? or a % of the increase in price?
We currently live in a rental house at the moment so thats why im asking as im currently at exchange of contracts on buying.

My understanding, is that if she can prove she has made financial contributions to the property, either directly (e.g. mortgage contributions), or indirectly (e.g. home improvements) then she could try to claim some sort of beneficial interest in the property.

Probably best to seek advice from your solicitor to be honest.

[Deleted User]

If you already live together and were planning to split the mortgage payments 50/50 why not jointly purchase the property with a deed of trust to protect the money you're putting in as a deposit?

Cavalino

If you are asking questions like that at the start of house ownership then maybe look into the relationship a bit.Does she know your asking this on a forum I wonder.

need_an_answer

Presumably you have both sat down and discussed the purchase of the house and are both happy with the situation being that she has absolutely no financial input into it and therefore no future claim should you split.

if you haven't sat down and had that conversation....then its time you did.

jimbo2108

need_an_answer wrote: »

Presumably you have both sat down and discussed the purchase of the house and are both happy with the situation being that she has absolutely no financial input into it and therefore no future claim should you split.

if you haven't sat down and had that conversation....then its time you did.

This has been sat down and discussed. She understands shes had no financial input, however is still wanting to be put onto the deeds however has no savings to contribute.

mrschaucer

jimbo2108 wrote: »

She understands shes had no financial input, however is still wanting to be put onto the deeds however has no savings to contribute.

And what do YOU want to happen?

need_an_answer

jimbo2108 wrote: »

This has been sat down and discussed. She understands shes had no financial input, however is still wanting to be put onto the deeds however has no savings to contribute.

there is your sticking point...your girlfriend wants to be part of the purchase.

[Deleted User]

jimbo2108 wrote: »

This has been sat down and discussed. She understands shes had no financial input, however is still wanting to be put onto the deeds however has no savings to contribute.

You never mentioned this before.

Then she will definitely have a beneficial interest. Half the house unless you have a deed of trust in place.

Is it a joint mortgage application?

jimbo2108

mrschaucer wrote: »

And what do YOU want to happen?

Well the mortgage has been approved and I have signed the deed as sole applicant, the title deeds are going to be in my name, so from now, she knows that she has no financial input just making sure that 'if' we do split up that no financial claim can be made.