Partner moving in with me - how to work it financially

DancingTurtle

Noted re the contribution to mortgage thanks

Re the comments about food. It's not an issue. He is a bodybuilder. His food consumption is huge and very specific. I would not be contributing towards that, nor would he ever want me to, hence me saying its an entirely separate issue.

_Penny_Dreadful

DancingTurtle said:

Stateofart said

However, you would need to rent your own place so to say "I'm not contributing to the mortgage" is not right.  IN my view, you should contribute some to the mortgage i.e. rent, half the council tax and bills etc.  Personal expenses are your own.

Thank you everyone for your comments. I was quite surprised to see some people say he shouldn't contribute at all to the mortgage. His alternative would be renting so he wouldn't be gaining any beneficial interest doing that either, and it would seem strange to me that he should live here for free. The above comment is more in line with what I was thinking.

In terms of food, he eats A LOT, so food is going to have be an entirely separate issue. I am fairly minimal and simple in my eating, but thats not going to suit him at all.

You cannot have your cake and eat it.  Your posts indicate that you do not wish for your partner to gain a beneficial interest in your property yet at the same time you want him to help pay off YOUR mortgage.  He would not "technically" be paying off your mortgage he would in actual fact be helping to pay off your mortgage.

His alternative of renting would give him far more security than being your live-in boyfriend so it stands to reason that more security would cost him more.  Plus he would have more space as a tenant with the exclusive occupation that comes with an AST.

ZeroSum

When my OH first moved in, she paid me 50% of the bills & food etc except the mortgage or any housing related capital costs. Whilst she was then effectively living rent free but also meant had a fairly increased travel costs. It also helped her clear debts & pay for driving lessons 

Now that we're married with child & she now works part time, we put in proportional amounts to what we earn into the joint account to cover bills.

Bobby3210

DancingTurtle said:

Stateofart said

However, you would need to rent your own place so to say "I'm not contributing to the mortgage" is not right.  IN my view, you should contribute some to the mortgage i.e. rent, half the council tax and bills etc.  Personal expenses are your own.

Thank you everyone for your comments. I was quite surprised to see some people say he shouldn't contribute at all to the mortgage. His alternative would be renting so he wouldn't be gaining any beneficial interest doing that either, and it would seem strange to me that he should live here for free. The above comment is more in line with what I was thinking.

In terms of food, he eats A LOT, so food is going to have be an entirely separate issue. I am fairly minimal and simple in my eating, but thats not going to suit him at all.

Poor fella!

onomatopoeia99

DancingTurtle said:

Stateofart said

However, you would need to rent your own place so to say "I'm not contributing to the mortgage" is not right.  IN my view, you should contribute some to the mortgage i.e. rent, half the council tax and bills etc.  Personal expenses are your own.

Thank you everyone for your comments. I was quite surprised to see some people say he shouldn't contribute at all to the mortgage. His alternative would be renting so he wouldn't be gaining any beneficial interest doing that either, and it would seem strange to me that he should live here for free. 

If he rents he gets the legal protections afforded to someone that is renting.  If he's living with a partner, he can arrive home to find his belongings on the drive and the locks changed because you've changed your mind.

The situations aren't comparable.  It's your house, you pay the mortgage, and the buildings insurance as he has no insurable interest, and for any decorating / refurbishment / maintenance, as again, it's your house, not his.  



If I moved a girlfriend in I'd ask for a share of utilities and the increase in council tax from losing the single occupancy discount, and food. I have no mortgage but I wouldn't charge 'rent'.  Yes that would mean she saves a lot of money by not having to rent, but I have no increase in costs so it's not justified to use her as a cash machine.

[Deleted User]

sheramber said:
the rent money would be taxable  

The first £7,500 would be tax free under the rent-a-room scheme

Kim_13

If he pays 50% of the Council Tax, part of that would effectively be rent as the bill doesn’t double upon loss of the single occupancy discount. That’s as much as I would expect above him contributing to utilities and food.

Re: Netflix, whether he should contribute to that depends on whether he is also a Netflix user. If he isn’t, but subscribes to say Amazon Prime instead, then he should pay for that himself while you pay the Netflix - unless you agree to split all subs 50/50.

onomatopoeia99

[Deleted User] said:

sheramber said:
the rent money would be taxable  

The first £7,500 would be tax free under the rent-a-room scheme

She's not renting a room.

[Deleted User]

onomatopoeia99 said:

[Deleted User] said:

sheramber said:
the rent money would be taxable  

The first £7,500 would be tax free under the rent-a-room scheme

She's not renting a room.

We know. Perhaps read the context of the post to which I was replying?

sheramber said:

But he would not be paying you 'rent'. If he was, the rent money would be taxable  and he would not contribute to any repairs etc.

blueberrye

He should pay for half the food, utilities and you should alternate with each other for repairs, clothing, holidays etc.