Buying a house and girlfriend moving in

steveno85

DON'T DO IT. DON'T DO IT.

Think with your head and not your heart. You have worked hard to save your deposit, the bank have done a credit check on your name and you will be solely responsible for the mortgage.

If you split and she can prove she was contributing to the mortgage you could have the situation where she will benefit from your investment/property.

When it comes to property/assets/investments always think with your head and not your heart.

I would suggest you sit down with her and discuss things properly. If she wants to contribute to bills then that fine, but only bills. You make sure you make the payment to mortgage.

Three of my best friends did the same thing you are thinking of doing and eventually they split from there partners. One had to take out equity (£15k) to give to his ex, one had to sell the house and the proceeds were split 50/50 and another currently is in a court battling to save his property.

I would suggest you see a solicitor and get a contract or something that you both can sign which has a clear breakdown of both your involvements in regards to the property.

Mojisola

[Deleted User] wrote:

she can move out anytime she wants, just walk.

And she'll also have no security.

She could come home one day to find her belongings on the doorstep and the locks changed and would have no legal redress so it would be wise for her to put money aside to cope with that.

If she saves the money that would otherwise go on paying half the mortgage and the relationship thrives, she could buy into the property later on.

Tom99

jimbo2108 wrote: »

Hi,

I am currently buying my first property and my girlfriend will be moving in with me. I am paying the full deposit and the mortgage in my sole name as is the title deeds. In the unfortunate event we split up some years down the line is she entitled to any share in the property?

Regards,

[FONT=Verdana, sans-serif]There is absolutely no reason why you should provide her with rent free accommodation.[/FONT]

[FONT=Verdana, sans-serif]The non-owner can only claim a beneficial interest if either:
1 - The parties have already agreed in writing that such and interest exists or
2 - The partner has made a contribution [/FONT][FONT=Verdana, sans-serif]and [/FONT][FONT=Verdana, sans-serif]there was a common intention between the parties that a beneficial interest was to happen or
3 - There was a common intention that the non-owner would gain a beneficial interest [/FONT][FONT=Verdana, sans-serif]and[/FONT][FONT=Verdana, sans-serif] evidence of express discussion about this [/FONT][FONT=Verdana, sans-serif]and[/FONT][FONT=Verdana, sans-serif] the non-owner has acted to their detriment in relying on this common intention.[/FONT]

[FONT=Verdana, sans-serif]If you have a written agreement that whatever she pays you will not give her an interest in the property you will be fine.
[/FONT]
[FONT=Verdana, sans-serif]Maybe after a year or so you could look at including her on the title and mortgage with the deed of trust saying you will get back x% of the gross sale price (ie your deposit) before you pay off the mortgage and split what's left 50%/50%.
[/FONT]

csgohan4

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.

Hmm your GF wants her cake and eat it. Why should she benefit from being on the deeds and not contribute anything initially. Something is wrong here.


OP tread very carefully before allowing her on the deeds and/or payments to your mortgage


Keep things separate as you have said

jimbo2108

Thank you for all the feed back,thats what im going to do moving forward having thought about it.

need_an_answer

OP how long have you been in this relationship?
Forgive me for perhaps being old fashioned,but do you see it ending in marriage?

You seem to be making a big life decision on the purchase of a property and perhaps want your girlfriend to be not involved in that side of things,but I'm just curious as to how involved you would want her to become in your day to day life without her having any tie to your property.

jimbo2108

Ive been with my current girlfriend for 2 years, and I could see it ending in marriage, never say never. I was looking to buy a property before I met her as i was saving up and wanting to move out by time in 25, im 25 now.

need_an_answer

Then I guess it really might be the time to consider where you both see yourselves in say 5 years time.

You've clearly set a goal of the house and are on the cusp of achieving that goal,but I cant help but wonder if you want the long term trappings of a relationship that allows you to share the house and move forward as a couple rather than you being the dominant owner of the property and she having little impact going forward.

I don't see the problem with you buying the property on your own but in some ways its sending a very mixed message to the woman who presumably has been part of your life for the past 2 years and with whom I assume you have had a joint tenancy agreement with in the rental property that you are about to vacate.

From her perspective she now becomes essentially a kept woman who can lose where she lives simply because you have an argument and throw her out.

OK so marriage may be a possibility,as too may be a family...these are all things that whilst don't follow automatically hand in hand with the purchase of a property 2 years into a relationship...I bet its something that your girlfriend if she hasn't openly said it to you may well have hoped might be the next natural step.

I absolutely respect that not everyone wants the whole house marriage and children situation and may both be happy living as they are in each others company,but if that's the case at what point in your life do you allow things to become shared?
Whats mine is mine for a period of time but when you've been together in that same situation for 10 years or so perhaps that's the point that you might need to treat the situation differently and agree that the purchase you made in sole name could now be deemed as joint.

Even the making of a will possibly now needs to be considered now that you are on the cusp of your purchase...if something were to happen to you who would you weant to be your beneficiary,maybe parents or a sibling but you might need to make that point to your girlfriend that just because she lives with you at this moment in time shes not your automatic established partner.
food for thought Jimbo...and perhaps a time for you to evaluate where you see yourself in the next timeline of your life.

jimbo2108

Thank you very much. Much appreciated, I was thinking in the next 2/3 years to put her on the deed, as I will have a better of view moving forward and natural progression leads on.

need_an_answer

How does your girlfriend feel about you buying the house in your name only?

Was she involved in choosing it...is she excited about moving into it?

You have talked a lot on the thread in singular terms of "me " and "I " when talking about the purchase.

I just wonder if she is hoping for a bit more "we" going forward....