Partner Moving In - Should they be put on my mortgage?

R552

After almost 3 years together, me and my partner have decided to move in together, in my property. I bought my property long before I met my partner and I used my own money to put down the deposit.

The idea was that he'd move in and pay money towards the bills, but not the mortgage (i have seen a few of posts on here about it being a better option to have my partner pay for some of the bills instead of towards the mortgage, incase it doesn't work out, so that no claim on the property can be made by my partner. Worth noting that when I spoke to my partner on this, he agreed to paying towards only some of the bills and not the mortgage). 

As our decision is for my partner to pay for some of the bills and not towards the mortgage, even although my partner is moving in, do I need to inform my mortgage provider at all?

The mortgage on my property will be due for renewal soon, will I need to inform my mortgage provider of my partner living here at this point aswell?

I'm worried that if I do put him on the mortgage and something happens with the relationship, things might turn nasty and he could be entitled to make a claim on it, or I could lose the property, which I had bought with my own money before I met my partner.

Any advice is welcome!

hippocrates1

Your mortgage company can supply you with a firm saying he has no financial interest 

Rachlou_25

No you don’t need to inform them or put him on the mortgage (definitely don’t do this if you don’t want him to have a claim on it).  You only need to inform the council he has moved in for the council tax.  Your lender would only be concerned if you were leasing the property out to a tenant, moving a partner in is totally fine.

if you transfer some of the bills over to his account and keep the mortgage payment in your account, it’ll help with the distinction between who is paying towards the mortgage.

hazyjo

If you inform them, it won't mean he'll have any interest in the property. Just that he'll have to sign a declaration (probably when you sell) saying he will leave. It may also affect affordability when you next fix or apply for a mortgage.

You should also tell your insurers.

greatcrested

hippocrates1 said:

Your mortgage company can supply you with a firm saying he has no financial interest 

I assume you mean a 'firm statement'?

But I don't see how they could say this. The lender does not know the ins and outs of your relationship, or your finances. A financial interest in the property could be based on more than just the mortgage.

Alter_ego

greatcrested said:

hippocrates1 said:

Your mortgage company can supply you with a firm saying he has no financial interest 

I assume you mean a 'firm statement'?

I assumed "form"  i next to o in qwerty