Buying a house without my partner

[Deleted User]

daveshow93 said:

boxer234 said:

Does she have no savings because she is terrible with money or because she earns less than you and has difficult circumstances?  Do you see marriage in the future? You can protect your deposit that you put in if you decide to buy jointly.  

She doesn't have savings because she is bad with money - we are both on reasonably similar wages.
Some interesting comments here with it being my "house" but our "home" - that could work I guess.
My intention would be that I buy the house with my deposit but then we both contribute to the mortgage, bills etc. Does that make financial sense for both of us? Then when she can afford it, I can sell her a portion down the line - how does that work?

Not unless the intention from the outset is to get a joint mortgage and be tenants in common with a deed of trust protecting your deposit. (There are many, many threads on the forum for that particular scenario already.) If you want to buy the property solely in your name then pay your own mortgage.  Most mortgage lenders will have an issue with someone not party to the mortgage but helping to pay off the mortgage whilst living in the property.

If you buy solely in your own name then further down the line if you both want to become joint owners then it's simple enough to do when it's time to remortgage.

boxer234

daveshow93 said:

boxer234 said:

Does she have no savings because she is terrible with money or because she earns less than you and has difficult circumstances?  Do you see marriage in the future? You can protect your deposit that you put in if you decide to buy jointly.  

She doesn't have savings because she is bad with money - we are both on reasonably similar wages.
Some interesting comments here with it being my "house" but our "home" - that could work I guess.
My intention would be that I buy the house with my deposit but then we both contribute to the mortgage, bills etc. Does that make financial sense for both of us? Then when she can afford it, I can sell her a portion down the line - how does that work?

If she pays towards the mortgage she could be seen as having an interest in the house.  I would just be asking for money towards food and bills.   Maybe have a serious discussion about money it’s a shame you can’t do this together. 

Competsoph

It becomes slightly more tricky when this other person contributes to the mortgage. Rather then should contribute to living costs as otherwise the mortgage company may get shirty. If someone’s paying into the mortgage they technically would have contributed towards the property. 

Also that’s a very good point about affordability. If you are going to rely on her income (especially with her being poor with money) then really that would be a joint mortgage. You need to have those difficult conversations otherwise you’ll be in a mess from the offset (speaking from experience with a poor-with-money partner). 

gwynlas

You are 27, have been together seven years and are ready to buy a house, Well you are ready to buy a house, she isn;t.
Are you meant to be together? Are you contemplating marriage and family?
You can go ahead and protect your deposit with a Deed of Trust but be prepared to come back to the forum in the future once she's run up debts furnishing your home how she wants it.

onwards&upwards

daveshow93 said:

boxer234 said:

Does she have no savings because she is terrible with money or because she earns less than you and has difficult circumstances?  Do you see marriage in the future? You can protect your deposit that you put in if you decide to buy jointly.  

She doesn't have savings because she is bad with money - we are both on reasonably similar wages.
Some interesting comments here with it being my "house" but our "home" - that could work I guess.
My intention would be that I buy the house with my deposit but then we both contribute to the mortgage, bills etc. Does that make financial sense for both of us? Then when she can afford it, I can sell her a portion down the line - how does that work?

Why would she contribute to the mortgage?  That would mean she is paying for an asset she has no ownership of.

mlz1413

OP I think my situation maybe similar to what you are looking at:
I had my own house and paid my own bills and my (then) new BF paid a small rent, £200pm nothing extra towards bills.  8 yrs later we moved to a house that needed renovation and still only I could get the mortgage but we wanted to do the place up together, so when we bought I got the solicitor to write an agreement where my equity, £100k, comes back to me if ever we sell. 
I could have put that as a % but I chose to put it as a value.
I think if you buy house and get mortgage then you need to have your deposit protected, but depending on how you split the bills will depend on how you split equity.  You may also find that in the future you can add GF to the mortgage   Also have a think about how you would write your wills if one of you were to die whilst not married, marriage legally changes next of kin.