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Legal matters

Protecting my home if DP were to move in

5 replies

StrictlyComeDancingDiva · 02/12/2012 09:16

Hello. It's slightly early in the relationship for me to be asking this, but I want to be aware of my options if the subject should arise in the future!

I own my home, it's mortgaged with a decent amount of equity. DP lives in rented with little savings.

So what would be the best way forward should we discuss him moving in?

Obviously my main priority would be to protect my home for me and my 3DC should it not work out. So is the best way to ask him to pay rent?

However, the house could do with upgrading, I cannot afford it on my salary alone, but a dual income would mean more cash available to do so. So if we discussed sharing a mortgage, I would still want protect the equity I arrived with, and I still have concerns of it not working and then being forced to sell to release back his investment.

Any advice gratefully received.

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HeathRobinson · 02/12/2012 14:22

Why not see a lawyer by yourself, so you know exactly where you stand?

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NatashaBee · 02/12/2012 14:28

This reply has been deleted

Message withdrawn at poster's request.

nocake · 02/12/2012 14:30

Ask him to pay rent each month so he's a tenant. Put the rent into a separate account and use it to fund repairs to the house.

There's advice here.

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Collaborate · 02/12/2012 19:07

Contributing to improvements doesn't automatically entitle someone to a share of a property. Can only acquire one expressly, or under a constructive or resulting trust. Very complex areas if law.

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StrictlyComeDancingDiva · 02/12/2012 23:21

Thanks for your replies, am happy to consult a lawyer, was just interested to see if anyone had experience of this.

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