to ask DP to share the state of his finances with me?

(111 Posts)
ParadoxicalCat Sun 20-Jul-14 12:28:04

Basically we're starting to look at buying a house together and, while he knows exactly how much I've saved up, he won't tell me how much money he has.

Given that I am currently the one doing all the research on houses/mortgages etc, AIBU to want to know how much he has in savings so that I know how much we can reasonably afford between us?

BobPatandIgglePiggle Sun 20-Jul-14 12:31:22

Are you 100% sure he wants to buy a house?

Fairylea Sun 20-Jul-14 12:31:45

I couldn't buy a house with someone who didn't share everything with me.

Why's he being secretive about this?

Teeb Sun 20-Jul-14 12:34:28

Whatever you do, protect yourself in this massive financial commitment. I'd choose to be tenants in common and ring fence my initial deposit if I were you.

Are you sure he actually has been making any savings? Does he really want to buy together?

DiaDuit Sun 20-Jul-14 12:36:00

So that will be a halt on all plans to combine finances then OP? His choice. If he doesnt want to divulge his finances then he doesnt get the benefit of you combining yours with his. Logical consequences. Please see sense and stop all plans til this is properly sorted. You know his attitude isnt fair dont you? You know if you ho ahead you will be accepting his attitude and permitting him to continue with it.

ParadoxicalCat Sun 20-Jul-14 12:36:34

Oh trust me, this is going to be a complicated agreement between me, DP and our solicitor smile Many many clauses are going to be put in place because although he earns about twice what I do, I know I have more savings.

He did suggest that maybe we should buy two houses, one each and rent one of them out, but that sounds even sillier to me.

How are you planning to work the finances once you own a house together?

DiaDuit Sun 20-Jul-14 12:40:52

OP there should be NO agreement unless you have full disclosure from him!

ParadoxicalCat Sun 20-Jul-14 12:41:47

Tenants in common, basically. We've been living together for ages and have managed ok with finances. We have applied for joint bank accounts but keep on getting rejected hmm

We want to do this 50/50.

Tread carefully OP.

DiaDuit Sun 20-Jul-14 12:44:50

You keep gettkng rejected. Have you checked his credit report?

Sounds like you need to be a lot more insistent on finding out what he is hiding before you go any further. Do not link yourself to him financally. And stop applying for joint accounts with him!

Teeb Sun 20-Jul-14 12:45:17

He earns more than you yet you get rejected for joint accounts? Yep op, he has a murky financial history,. Either massive debts, gambling problem, whole other life. DO NOT HAVE ANY FINANCIAL TIES WITH THIS MAN!

LoveBeingInTheSun Sun 20-Jul-14 12:45:19

Are you sure he has any savings?

Ifyourawizardwhydouwearglasses Sun 20-Jul-14 12:45:37

I still don't know how much money my DH has. I know he has at least xxxxx amount but not how much. It's like a running joke now.

BUT if I ever really asked him, he'd tell me.

What are his reasons for not wanting to tell you? What does he say when asked?

If you keep getting rejected, that would be a red flag for me. What's he hiding? Be very careful OP
Oh, and no, YANBU

ChelsyHandy Sun 20-Jul-14 12:46:48

You can't possibly buy a house with him without knowing how much, jointly, you have to spend. My guess is that he doesn't have any savings and that you are his savings plan for the deposit. Meanwhile he will probably argue that if he therefore has to pay more than 50% of the mortgage, he should have more than 50% ownership. He sounds as if he is hiding something. Why would you be rejected for a joint account? You can order a credit check on him you know.

Lweji Sun 20-Jul-14 12:47:22

I wouldn't invest with a person without knowing all about his credit rating at least.
As you are also cohabiting, I wouldn't buy a joint place without knowing how much they were going to invest in the house.

He doesn't have to tell you how much he has saved, but surely he should tell you how much he wants to put in the house.

hamptoncourt Sun 20-Jul-14 12:48:16

I seriously would not buy a house with him if I were you.

Actually I don't think I would bother with him full stop.

rose202 Sun 20-Jul-14 12:48:17

Look up your own credit report OP & make sure that you have no joint finances. If you are being rejected for joint accounts & the problem is not with you then its pretty obvious where the problem lies.

Think very carefully before sharing finances as he's hiding something!

FannyFifer Sun 20-Jul-14 12:48:34

Why would you get refused from opening joint account? This is a straightforward thing to do.

There is something dodgy going on here.

LewisNaiceHamilton Sun 20-Jul-14 12:49:12

I have an abysmal credit rating, but can still get a current account. His must be off the scale bad.

ParadoxicalCat Sun 20-Jul-14 12:50:25

We checked our credit history when we got rejected and as we'd just moved house we weren't registered to vote at that address, which gave us both a lower credit rating. When using Experian, they also don't seem to have all our bank accounts - they don't see my second current account or his main bank account.

I don't think he's a gambler and seeing as we live together and work together I'd be pretty impressed if he had a whole other life grin

I think that growing up it has always been impressed upon him that money is a very private thing that you don't discuss.

mmmuffins Sun 20-Jul-14 12:50:29

Red flag OP.

How can you share your lives but not discuss in full your finances? He sounds like he is being devious.

NatashaBee Sun 20-Jul-14 12:50:38

Getting rejected for bank accounts sounds suspicious to me. Have you checked to see if he's on the bankruptcy register?

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