How much rent should I pay my partner?

hazyjo

Angela_D_3 said:

hol30something said:

Angela_D_3 said:

I would charge Rent if someone moved in with me.  You could have a lodger type tenancy.  You don’t get to live rent free anywhere,  even if goes in a holiday pot that you both benefit from.  

The problem with me paying rent, is that if I didn't move in, I would be paying my own mortgage off. So why pay off his? Also to be noted; I am the one compromising location for us to live together. 

So buy your house or one you rent out and keep a foot on the ladder that way.  My 18 year old pays rent,  it’s life we all have to 

People who pay rent have tenants' rights. The OP wouldn't have any. It's a very different scenario.

And as stated here (and on many other posts), they would not be a lodger either and could not have a lodger's agreement.

goldfinches

I'd also consider not only finances but things like time and effort put towards house maintenance and upkeep too.
When you live together you both need to consider how you divide the work that comes with keeping two adults going such as provisioning, laundry and routine cleaning but then there are also things such as cleaning out the gutters and renewing external fences etc. that are purely about the property.
Are you going to do any of this work or pay any of the associated costs and if not will you be taking on more of the day to day work to free up your partner for these sorts of tasks?
None of this sounds very romantic but I have found that resentments over how such tasks are allotted and who carries them out do rankle particularly if you had to prod your partner into actually getting on with them at the expense of things you would have preferred to have been doing. 

Anamox

My own sibling is one of those people who blindly moved in with their partner and started paying 50% of the bills and mortgage, then as they got a higher wage took on something like 80% of the payments as they were earning at least double what the partner was. They made no arrangement in regards to what happens if they split up as no relationship at that stage looks like it is bound to fail.

Fast forward five years they're no longer together and my sibling believes the total loss is around £60k. £60k would have been a great deposit for a new home.

I'd suggest fair is paying 50% of the bills including all things like food etc. This leaves you with your deposit and ability to hopefully keep saving more which may mean in a few years you can buy a new house together that is up to your standard and in an area you like. It also means (I hope it doesn't come to it) that you're in a solid position should things go wrong with the relationship. 

Beeboo23

Anamox said:

My own sibling is one of those people who blindly moved in with their partner and started paying 50% of the bills and mortgage, then as they got a higher wage took on something like 80% of the payments as they were earning at least double what the partner was. They made no arrangement in regards to what happens if they split up as no relationship at that stage looks like it is bound to fail.

Fast forward five years they're no longer together and my sibling believes the total loss is around £60k. £60k would have been a great deposit for a new home.

I'd suggest fair is paying 50% of the bills including all things like food etc. This leaves you with your deposit and ability to hopefully keep saving more which may mean in a few years you can buy a new house together that is up to your standard and in an area you like. It also means (I hope it doesn't come to it) that you're in a solid position should things go wrong with the relationship. 

Is your sibling not entitled to a share of the house having paid for £60k of it?

Beeboo23

I’m moving in with my boyfriend of five years. I’m paying the mortgage as he has no deposit and he’s paying the bills. The house is in my name. 

george4064

hol30something said:

Thanks for everyone's advice. I think me moving in and paying half towards bills is the safest option for both of us. Hopefully, it will all work out swimmingly and in a year or so, we can buy a place together. 
As a first time buyer, I don't think it would be too viable to by a rental property with my money and as the ultimate goal is to live together in a shared home, I think I will just continue saving. 

Something I did with my partner was for her to save the equivalent of half the rental value of the property or whatever you both agree on, if you stay together and buy a place together that pot of money will become ‘our’ money. If you break up you get to keep the money so you have saved something and your partner retains their full interest in the property.

On a side note you will contribute to half the bills.

Marvel1

Half of the bills, minus the mortgage and no home improvements.

Comms69

Angela_D_3 said:

I would charge Rent if someone moved in with me.  You could have a lodger type tenancy.  You don’t get to live rent free anywhere,  even if goes in a holiday pot that you both benefit from.  

That's a great way to giveaway equity in your home, well done for sharing!

Hannimal

Personally I would think it is fair to charge some rent on top of half the bills because there are repairs and things that come up that would be the partner's responsibility. This is depending on their affordability of course, if they are financially fine then half the bills is enough. If they are looking at home improvements that stretch their budget then maybe something like 20-30% of market rent is reasonable. 

Anamox

Beeboo23 said:

Anamox said:

My own sibling is one of those people who blindly moved in with their partner and started paying 50% of the bills and mortgage, then as they got a higher wage took on something like 80% of the payments as they were earning at least double what the partner was. They made no arrangement in regards to what happens if they split up as no relationship at that stage looks like it is bound to fail.

Fast forward five years they're no longer together and my sibling believes the total loss is around £60k. £60k would have been a great deposit for a new home.

I'd suggest fair is paying 50% of the bills including all things like food etc. This leaves you with your deposit and ability to hopefully keep saving more which may mean in a few years you can buy a new house together that is up to your standard and in an area you like. It also means (I hope it doesn't come to it) that you're in a solid position should things go wrong with the relationship. 

Is your sibling not entitled to a share of the house having paid for £60k of it?

Nope, why would they be? The only way this would be the case is if they had some kind of agreement in writing outlining the benefits each received should they split, and even still that would be difficult without both being on the deeds. I'm sure you could try and take somebody to court for something like this but I'm also sure victory would be unlikely and expensive.