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Shansidine

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HampshireH

They won't be able to claim it back as such as it's a gift. They presumably won't be living there so have no interest in the property.

But there is a recent thread on here where one person was gifted money and their parents are trying to recoup it from the other partner whom they have now seperated from.

Many people wouldn't be able to afford repayments on their own if their circumstances change.

Why don't you save it instead and keep your payments 50/50 if that's how you have chosen to work money out. Spend it on the stuff you could have been spending your money on (unless it's a requirement to pay the mortgage with it) like doing the house up etc.

Alternatively you could have something written up to document the gift being just that.

Or 

Let your partner accept money equating to half the repayments and let his parents pay his bills for him. You pay yours and you both split it 50/50 if you seperate. He owes his parents if they ever ask for it back 

However you will probably resent the fact you are contributing and your partner isnt.

Or just say thankyou but no thankyou it complicates things and you went into this to do it on your own.

pinkshoes

You pay your half and your partner can use the money as a contribution towards his half of the mortgage. 

It'll mean he has more spare money each month so he can take you out to dinner and pay!

AdrianC

The equity in the house will form part of any financial settlement, in the event of a divorce. How that financial settlement will go will depend on the length of the marriage, and whether there's children to provide for.

Marvel1

A gift is a gift, they have no right to ask for it back nor do you have to give it back.

Shansidine

AdrianC said:

The equity in the house will form part of any financial settlement, in the event of a divorce. How that financial settlement will go will depend on the length of the marriage, and whether there's children to provide for.

Could they try to claim part of this equality?

I assume if they gave the money in cash to my partner they could not legally prove it was used towards the mortgage? 

[Deleted User]

 My in-laws paid half our mortgage. Matched our monthly payments with gifts of money. They have no claim to our house as I could've spent that gift on anything. 

AdrianC

Shansidine said:

AdrianC said:

The equity in the house will form part of any financial settlement, in the event of a divorce. How that financial settlement will go will depend on the length of the marriage, and whether there's children to provide for.

Could they try to claim part of this equality?

No, the money was a gift. They ceased to have any control or claim over it at the time it was gifted.

Whether the money was a gift to their progeny alone or to the couple is a different question - but that's the whole point of divorce financial settlements, to sort that out. If there are children involved, they come first.

getmore4less

The gifts are to the partner,  its up to them to decide how they get used within the relationship not their parents.

Depends how integrated you want your finances to be how you(as a couple) deal with this.

eg you could start with them gifting or lending you 1/2 that 75% of the deposit or it buys a bigger share of the house for the partner.

They could gift you 1/2 ,monthly one or just keep it and you pay the mortgage 50:50 anyway.


There is a bigger issue here for the parents, should they try to reverse the gifts to some sort of loan, any IHT mitigation they are using goes out the window..