Buying a house and girlfriend moving in

smdabs

... would a lodger/tenancy agreement not resolve the issue with her having an interest in the property? (Actual question - i'm not sure of whether that's possible). But at least having an agreement in place would also protect her rights.

I mean, judging by what she's said... it's extremely unlikely she'd be happy with that but you can't let her feelings towards this situation cloud your judgement. This is your investment, your property and your financial interest - you need to look after it.

It's all well and good people advising otherwise and implying you need to 'look at your relationship' but actually, protecting yourself is common sense regardless of how happy you currently are with your partner. Without sounding like a negative nancy, i believe the statistics are that 2/3 of marriages and circa 80 - 90% of relationships under 30 fail - you're very young still to be considering having a joint mortgage, let alone putting her on the deeds so she is entitled to a share of YOUR house.

If she isn't happy being considered a 'tenant' until you're both in the position to look at a house and mortgage jointly, that's her choice - she can always leave.

Renting (while still causes all sorts of issues in a break up) is no where near as costly as when it goes wrong with a mortgage.

[Deleted User]

smdabs wrote: »

... would a lodger/tenancy agreement not resolve the issue with her having an interest in the property? (Actual question - i'm not sure of whether that's possible). But at least having an agreement in place would also protect her rights.

I mean, judging by what she's said... it's extremely unlikely she'd be happy with that but you can't let her feelings towards this situation cloud your judgement. This is your investment, your property and your financial interest - you need to look after it.

It's all good and well people advising otherwise and implying you need to 'look at your relationship' but actually, protecting yourself is common sense regardless of how happy you currently are with your partner. Without sounding like a negative nancy, i believe the statistics are that 2/3 of marriages and circa 80 - 90% of relationships under 30 fail - you're very young still to be considering having a joint mortgage, let alone putting her on the deeds so she is entitled to a share of YOUR house.

If she isn't happy being considered a 'tenant' until you're both in the position to look at a house and mortgage jointly, that's her choice - she can always leave.

Renting (while still causes all sorts of issues in a break up) is no where near as costly as when it goes wrong with a mortgage.

On what planet would the girlfriend be a lodger or a tenant? Mind you given your own thread about letting rooms short term I'm not surprised you suggested this.

The OP could easily have protected his deposit whilst jointly buying with his girlfriend. Deeds of Trust are extremely common and come up on the forum on a daily basis. Instead he has chosen to exclude his girlfriend from the purchase of their home but will graciously allow her to help pay off his mortgage.

smdabs

Lover_of_Lycra wrote: »

On what planet would the girlfriend be a lodger or a tenant? Mind you given your own thread about letting rooms short term I'm not surprised you suggested this.

That's why i said i don't know if it's possible - something to look in to though as IF it is possible, it could protect her rights too.

Thanks for the really useful post though. Sure the OP is really grateful :rotfl:

[Deleted User]

smdabs wrote: »

That's why i said i don't know if it's possible - something to look in to though as IF it is possible, it could protect her rights too.

Thanks for the really useful post though. Sure the OP is really grateful :rotfl:

I had already pointed out on page 1 that the OP could easily have jointly purchased the property whilst protecting his deposit. Based on all the advice you had been given on your own thread I don't know why you still don't know what constitutes a tenant or a lodger.

smdabs

A quick google... so i had the NAME of the agreement wrong, but you could look into a Cohabitation agreement OP (if the link works)

https://www.lawsociety.org.uk/support-services/advice/articles/cohabitation-agreements/

jimbo2108

I didnt know about Deeds of trust before I bought the property hence why i didnt go ahead with one. However, since its near completion ill pay off my mortgage solely and she can pay half the bills, that protects me that way. smdabs thank you for the advice, I would be able to sort a tenancy agreement out as I can't let the property whilst its on a mortgage

[Deleted User]

jimbo2108 wrote: »

I didnt know about Deeds of trust before I bought the property hence why i didnt go ahead with one. However, since its near completion ill pay off my mortgage solely and she can pay half the bills, that protects me that way. smdabs thank you for the advice, I would be able to sort a tenancy agreement out as I can't let the property whilst its on a mortgage

A tenancy agreement wouldn't be of any use anyway since your girlfriend will not be and cannot be a tenant in any way, shape or form in this scenario.

jimbo2108

I meant to say I wouldn't be able to. I think I have all the information needed and will go with me paying the whole mortgage and her paying half the bills to protect my investment.

Flix21

I think you're doing the right thing OP. You've only been with your girlfriend for two years and you're 25 years old. As long as you keep paying your own mortgage.

Obviously don't know your GF's financial situation, but if she's so desperate to own a house with you - then she should have saved up some money towards it. Even if just a small amount. I don't think it's fair to put nada £££ towards a purchase then expect your name to be on the deed.