How much should my partner contribute if he moves in with me

tink_1983

hjbeee said:

Partner owns his own home, no mortgage. If he moves in with me he'd let it out per bedroom. Conservative estimate is £9600 a year he would gain if he lets it out to students in the university town where he currently lives.
He'd find a job here in the same kind of role and have a commute of 3 miles if he lived here. He's currently commuting for an hour. So there's a saving on petrol and other running costs such as wear and tear straight away.
I have pointed out that I would lose the 25% council tax discount if he moves in and he will also give me an undetermined amount for food.
He seems to think I will cover all the rent on my place, all my utility, Internet and other bills and he can basically live here for nothing, pocketing every penny he gets in rent on his house.
How should I work out what is actually fair as at the moment, I think he's trying to take advantage of me.
I have called him out on all of this and he still hasn't offered to contribute more or indeed quantify exactly how much he's prepared to give me even for food.
He's just assumed I'll go along with his plans, give him everything he wants and he gets to make thousands a year out of this, basically.

Wow he sounds considerate! 
I'd not let him move in till this is sorted and your happy. 
If your in rented it's 5050 split all the way! 

CLJ2986

My partner moved into my rental, I gave him a rough idea of the bills (rent, council tax, utilities and extras like broadband). He transfers me at least half of the bills every month, sometimes more. We both get food shopping as and when. We never really had a conversation about it, never mind an argument over anything. I did once say he didn't need to give me as much as he does as I actually earn more but he wouldn't hear of it. It sounds like your partner isn't really thinking of you in this 😳

MrsPorridge

How much would HE want YOU to pay if you moved in with him?  

Edi81

He sounds charming! 

As others have said if you are renting then it should be 50/50 all the way. 

CookieMonster

Why don't you offer to move in with him on the same terms?

For what it's worth, I calculated what having my main squeeze move in would cost me - as consideration for her moving in for a year to save up the deposit on a house - in 2018.
Some items are fixed, TV licence and phone etc., I assumed about 50% increase in gas and electric use, insurance increase, and I allocated the extra council tax to her: Food wasn't considered as we tend to buy what we need and eat the same stuff.
Overall, it would have cost me about £1200 extra to have her live with me for a year, excluding food.

olgadapolga

hjbeee said:

Partner owns his own home, no mortgage. If he moves in with me he'd let it out per bedroom. Conservative estimate is £9600 a year he would gain if he lets it out to students in the university town where he currently lives.
He'd find a job here in the same kind of role and have a commute of 3 miles if he lived here. He's currently commuting for an hour. So there's a saving on petrol and other running costs such as wear and tear straight away.
I have pointed out that I would lose the 25% council tax discount if he moves in and he will also give me an undetermined amount for food.
He seems to think I will cover all the rent on my place, all my utility, Internet and other bills and he can basically live here for nothing, pocketing every penny he gets in rent on his house.
How should I work out what is actually fair as at the moment, I think he's trying to take advantage of me.
I have called him out on all of this and he still hasn't offered to contribute more or indeed quantify exactly how much he's prepared to give me even for food.
He's just assumed I'll go along with his plans, give him everything he wants and he gets to make thousands a year out of this, basically.

He's definitely trying to take advantage of you. FWIW, with that attitude, I don't think that he's a keeper.

letsbetfair

Has your partner said what he thinks you're getting out of this? The financial arrangements seem incredibly one-sided (especially as, if he owns a home outright, he may be in a better financial position than you already). Is there something else to balance this - e.g. will he be taking time out of work for childcare - or is he really just asking to live rent-free while renting out the house he owns?!
Worth noting that renting a house as an HMO to students can involve a lot of work and returns may not be reliable. That doesn't make what he has proposed any less one-sided, though!

AdrianC

hjbeee said:

Partner owns his own home, no mortgage. If he moves in with me he'd let it out per bedroom. Conservative estimate is £9600 a year he would gain if he lets it out to students in the university town where he currently lives.

The rest is, as has been said, way above our paygrade here on housing...

BUT...

Has he considered HMO licencing, getting on the uni approved accommodation lists, and the sheer work involved to actually service his customers to their satisfaction without hacking his neighbours RIGHT off if he is not to lose those?
Has he considered the practicalities of student lets in the Covid era?
Has he considered utility and CT payment are his problem?
Has he considered the legalities of deeds of guarantee?

And, of course, has he considered that he'll have to declare it on his self-assessment tax return, like any other business activity...

Mojisola

hjbeee said:

He seems to think I will cover all the rent on my place, all my utility, Internet and other bills and he can basically live here for nothing

I would work out how much all the bills come to and then add a bit on top and each pay half into an account.

The bills (including the council tax) should be 50/50 and the excess can be used for when you go out together so you don't have to get into discussions about who is paying for what.

Having said that, I wouldn't have him move in at all if this attitude of his is normal for him and not just a thoughtless, one-off comment.

Grumpy_chap

You should each pay half of all the costs of the rental property.  Not just the rent, but council tax, bills etc.  Wear and tear on furniture...

Then the rental income is only possible because you are sharing a rental property.  Some of the profit from that income should be shared.  Maybe it could be used to pay for holidays together, or something?

Finally, is it fair that he gets all the growth in capital value of the property that is being let out?  If the same property value decreases, would you contribute to the loss?