How much rent should I pay my partner?

Angela_D_3

Takmon said:

Angela_D_3 said:

jls85 said:

There can be so many different versions of 'fair' OP, it really comes down to what you both feel is a decent deal. Me and my boyfriend are just about to enter into a fairly similar situation. I have just sold my house and will be moving in with him until we get a new house together in 7/8 months time. He has suggested that he continues to pay the mortgage and all bills on his flat (as he was doing anyway), and I will put all of the money I am saving from the fact I no longer have a house and bills myself into a joint savings account that will go towards our deposit. I'm well aware some people might think that's really unfair, as I technically have no formal outgoings now, but as we are saving every extra penny we have into a joint pot for our new house anyway, it doesn't really matter who pays for what in the end.
So the only question you really need to ask is what do you both think? 

The key difference there is joint savings account. 

I’ve just seen this scenario go pear shaped far too often.  

Personally I wouldn’t live with anyone before marriage,  your in or your out in terms of making a financial commitment and doing so before a legal binding one is very messy.  Marriage was devised for a reason and it was nothing to do with a white dress and a cake 

I can't imagine marrying someone without living together first otherwise you could end up in a situation where the relationship is great when you live separately but you both have habits that make it not work when actually living together. Getting married and then living together is far more messy financially if it all goes wrong and then you need to get divorced as well. 

If you both have crack Or shop lifting habits yes I could see that might be a problem ... but most marriages manage to survive the loo seat being left up etc 

hazyjo

Oh to be young again 🤣🤣

Two divorces later, I  only say "it's a beautiful theory".

[Deleted User]

Takmon said:

hannah021 said:

Takmon said:

Atlas234 said:

Lover_of_Lycra said:

Angela_D_3 said:

Lover_of_Lycra said:

Angela_D_3 said:

Lover_of_Lycra said:

Angela_D_3 said:

Lover_of_Lycra said:

I’m amazed at all those saying the OP should help pay off the partner’s mortgage when he doesn’t want her to have any kind of claim on the property. Do you people understand how repayment mortgages work? 

What a bit like renting .... my tenant has nothing to show for the rent he’s paid for the privilege of living in my house.  He doesn’t get to sleep with me eityer wgich May or not be an advantage.  At least in this situation there’s a chance they’ll marry and all the money she pays will be “theirs” one day but until he agrees to the legally binding contract she needs to contribute.  Threads like these give women a bad name.  I’d be advising my son to be wary.  

If in two years she decides he’s not for her she’s saved a nice little nest egg at his expense.  

It’s actually nothing like renting with an AST or PRT if you’re in Scotland. Given your previous posts on this forum I’m not in the least bit surprised you don’t know or understand the difference. 

It would be exactly like renting if she signed a rent a room type agreement which gives her some protection and prevents him going sponged off.  

It's not even similar never mind exactly the same.  A partner moving in with you isn't a lodger, they aren't renting a room from you, and you wouldn't be living as two separate households.  

Ok LL .... you seem to be determined to find a way to remove any protection from eityer party 
she moves in pays nothing he gets shafted,  she moves in pays nothing and she can be booted out in a heart beat.  

All logical alternatives are unacceptable to you.  Let’s hope they just get married and have done with it after reading all this.  

Quite the opposite in fact. There’s no question of building up beneficial ownership if you’re not contributing towards the mortgage and you’re not profiteering from your partner by getting them to repay the capital you borrowed. Both parties are protected. 

As an earlier poster pointed out mortgage repayments are largely interest more than a repayment of capital, especially in the earlier years. 
If one partner pays absolutley nothing towards housing costs then both partners interests are not protected.

If they split up say after 5 years the partner who was not contributing will have build up a nest egg of several thousand pounds based solely on exploiting the free accommodation provided the mortgage holder that they would not have had otherwise, had they had to foot their own housing costs. Where as the mortgage holder will of actually accrued only a small amount of equity in the property as the majority of the repayments will have been to service the interest.

People are free decide whatever arrangements they want obviously and there is no one size fits all, but under such an arrangement the none mortgage holder has a huge financial benefit compared to the mortgage holder

So in my situation i owned a house and my partner moved in and paid half the bills so that saves me money. If my partner didn't move in then i would have still had to pay all the housing costs and all the bills so by them moving in i am better off and my partner is also better off. 

So what if they save more money than i do? I didn't want them to move in to be financially better off and make money from them and if anyone wants a partner to move in purely for this reason then they really should reconsider if it's a good idea. 

In reference to the fact a person would save some amount on the bills, that savings doesnt compare to a rent worth of savings. If I move in with someone i would save £1400 a month on my rental property, there is no chance, him saving on bills will exceed £100 per month. Besides the fact the bills increase with a new person coming in.

I can see what your saying but if my partner had moved in with me, saved £1400 a month and then moved out after a year with £16,800 extra in their savings then so what?. I didn't lose anything, i still would have gained some money and had all the other  benefits of living with someone for that year.  

As they were moving into my house and the relationship was serious enough for that to happen then i was happy with that arrangement and i was the one who suggested it. Personally i don't think it would have felt right to be making a big profit from them but i can see why other people in different situations would feel otherwise.

This was exactly my thinking when my partner moved in with me with a view to then either buying a new place together or getting a joint mortgage when my fixed term ended. 

george4064

Angela_D_3 said:

jls85 said:

There can be so many different versions of 'fair' OP, it really comes down to what you both feel is a decent deal. Me and my boyfriend are just about to enter into a fairly similar situation. I have just sold my house and will be moving in with him until we get a new house together in 7/8 months time. He has suggested that he continues to pay the mortgage and all bills on his flat (as he was doing anyway), and I will put all of the money I am saving from the fact I no longer have a house and bills myself into a joint savings account that will go towards our deposit. I'm well aware some people might think that's really unfair, as I technically have no formal outgoings now, but as we are saving every extra penny we have into a joint pot for our new house anyway, it doesn't really matter who pays for what in the end.
So the only question you really need to ask is what do you both think? 

The key difference there is joint savings account. 

I’ve just seen this scenario go pear shaped far too often.  

Personally I wouldn’t live with anyone before marriage,  your in or your out in terms of making a financial commitment and doing so before a legal binding one is very messy.  Marriage was devised for a reason and it was nothing to do with a white dress and a cake 

I believe that your viewpoint is quite out of touch with reality here and the vast majority of people nowadays will live together before marriage.

I don’t know how old you are but certainly things have changed with regards to house prices over the years that millennials need to crack on with things such as living with their partner before marriage in order to save up enough money to buy a home they can both happily live in.

Takmon

Angela_D_3 said:

Takmon said:

Angela_D_3 said:

jls85 said:

There can be so many different versions of 'fair' OP, it really comes down to what you both feel is a decent deal. Me and my boyfriend are just about to enter into a fairly similar situation. I have just sold my house and will be moving in with him until we get a new house together in 7/8 months time. He has suggested that he continues to pay the mortgage and all bills on his flat (as he was doing anyway), and I will put all of the money I am saving from the fact I no longer have a house and bills myself into a joint savings account that will go towards our deposit. I'm well aware some people might think that's really unfair, as I technically have no formal outgoings now, but as we are saving every extra penny we have into a joint pot for our new house anyway, it doesn't really matter who pays for what in the end.
So the only question you really need to ask is what do you both think? 

The key difference there is joint savings account. 

I’ve just seen this scenario go pear shaped far too often.  

Personally I wouldn’t live with anyone before marriage,  your in or your out in terms of making a financial commitment and doing so before a legal binding one is very messy.  Marriage was devised for a reason and it was nothing to do with a white dress and a cake 

I can't imagine marrying someone without living together first otherwise you could end up in a situation where the relationship is great when you live separately but you both have habits that make it not work when actually living together. Getting married and then living together is far more messy financially if it all goes wrong and then you need to get divorced as well. 

If you both have crack Or shop lifting habits yes I could see that might be a problem ... but most marriages manage to survive the loo seat being left up etc 

There are lots of things that someone could do in their home which other people find intolerable to live with and I think the majority of people would agree it's sensible to live with someone before getting married. Imagine if one person liked to keep things tidy and clean and the other was a complete slob who left items everywhere, never cleaned and expected the other to person to clean up after them.

Angela_D_3

Takmon said:

Angela_D_3 said:

Takmon said:

Angela_D_3 said:

jls85 said:

There can be so many different versions of 'fair' OP, it really comes down to what you both feel is a decent deal. Me and my boyfriend are just about to enter into a fairly similar situation. I have just sold my house and will be moving in with him until we get a new house together in 7/8 months time. He has suggested that he continues to pay the mortgage and all bills on his flat (as he was doing anyway), and I will put all of the money I am saving from the fact I no longer have a house and bills myself into a joint savings account that will go towards our deposit. I'm well aware some people might think that's really unfair, as I technically have no formal outgoings now, but as we are saving every extra penny we have into a joint pot for our new house anyway, it doesn't really matter who pays for what in the end.
So the only question you really need to ask is what do you both think? 

The key difference there is joint savings account. 

I’ve just seen this scenario go pear shaped far too often.  

Personally I wouldn’t live with anyone before marriage,  your in or your out in terms of making a financial commitment and doing so before a legal binding one is very messy.  Marriage was devised for a reason and it was nothing to do with a white dress and a cake 

I can't imagine marrying someone without living together first otherwise you could end up in a situation where the relationship is great when you live separately but you both have habits that make it not work when actually living together. Getting married and then living together is far more messy financially if it all goes wrong and then you need to get divorced as well. 

If you both have crack Or shop lifting habits yes I could see that might be a problem ... but most marriages manage to survive the loo seat being left up etc 

There are lots of things that someone could do in their home which other people find intolerable to live with and I think the majority of people would agree it's sensible to live with someone before getting married. Imagine if one person liked to keep things tidy and clean and the other was a complete slob who left items everywhere, never cleaned and expected the other to person to clean up after them.

If you love each other you get a cleaner,  that sort of thing.  

As a Gen X who missed the boat,  I would still advise marriage before the biggest financial commitment you’ll ever make. 

I see the mess caused by putting the cart before the horse all too often. 

If you’re prepared to buy a house together you really want to be securing the contract properly.  And don’t get me started on those who give up work and have babies without the protection of the whole family being chucked out of his house in theory. 

BikingBud

Angela_D_3 said:

Takmon said:

Angela_D_3 said:

Takmon said:

Angela_D_3 said:

jls85 said:

There can be so many different versions of 'fair' OP, it really comes down to what you both feel is a decent deal. Me and my boyfriend are just about to enter into a fairly similar situation. I have just sold my house and will be moving in with him until we get a new house together in 7/8 months time. He has suggested that he continues to pay the mortgage and all bills on his flat (as he was doing anyway), and I will put all of the money I am saving from the fact I no longer have a house and bills myself into a joint savings account that will go towards our deposit. I'm well aware some people might think that's really unfair, as I technically have no formal outgoings now, but as we are saving every extra penny we have into a joint pot for our new house anyway, it doesn't really matter who pays for what in the end.
So the only question you really need to ask is what do you both think? 

The key difference there is joint savings account. 

I’ve just seen this scenario go pear shaped far too often.  

Personally I wouldn’t live with anyone before marriage,  your in or your out in terms of making a financial commitment and doing so before a legal binding one is very messy.  Marriage was devised for a reason and it was nothing to do with a white dress and a cake 

I can't imagine marrying someone without living together first otherwise you could end up in a situation where the relationship is great when you live separately but you both have habits that make it not work when actually living together. Getting married and then living together is far more messy financially if it all goes wrong and then you need to get divorced as well. 

If you both have crack Or shop lifting habits yes I could see that might be a problem ... but most marriages manage to survive the loo seat being left up etc 

There are lots of things that someone could do in their home which other people find intolerable to live with and I think the majority of people would agree it's sensible to live with someone before getting married. Imagine if one person liked to keep things tidy and clean and the other was a complete slob who left items everywhere, never cleaned and expected the other to person to clean up after them.

If you love each other you get a cleaner,  that sort of thing.  

As a Gen X who missed the boat,  I would still advise marriage before the biggest financial commitment you’ll ever make. 

I see the mess caused by putting the cart before the horse all too often. 

If you’re prepared to buy a house together you really want to be securing the contract properly.  And don’t get me started on those who give up work and have babies without the protection of the whole family being chucked out of his house in theory. 

Just get a few domestic staff that's bound to sort it🤨

If it's a business relationship then the steps are quite clear.

If it's a loving and sharing relationship then the steps are entirely different and can only be decided by the parties involved.

Always interesting see the different levels of response on here from the compassionate to the mercenary🤔