AIBU to advise my daughter that she'd be daft to not put her name on house deeds?

You think the house doubles in value in a few years? Have you followed what’s happening with house prices?
you come across entitled and greedy, his inheritance has nothing to do with you and your DD is an adult.

Why would you say that, 3x 50k plus the deposit means a potential purchase price of 210k, quite enough to either buy a house in some places or a nice flat in many others.

Paying bills does NOT make a house yours unless that bill is the mortgage. Even if you add to the deposit but don't pay mortgage you are more of an investor that a 'owner' as you have a small percentage of money that can be bought out (usually a fairly small chunk).

It doesn't matter where you live you HAVE to pay your own bills regardless and it does not make a property yours. If she lives in his house she will be lucky that hes unlikely to charge her rent so she gets housing to live in for free and half bills.

Even if he did charge her rent though, still not her house. I rented for nearly 15 years, paid all of the bills and paid off the owners full mortgage but it didn't make it my house.

How entitled can you be to think that you should just get the house too though? especially as just a GF at 20 years old, I don't want to be a downer and know it can work as I have been with my DH is 18 but I seem to be the odd one out as honestly 95% of people I knew who where with someone at 20 are not still with that person now at 40.

I would honestly break up if a guy asserted himself on INSISTING on this, I didn't even put my DH on the deeds to MY house.

It also will cost him more as there has to be double checks on everything (which need paying for and take longer) and her credit or money could effect him.

I havent read the whole thread, but me and hubby had this when we bought our first house as bf and gf. When we bought our first house he had about 50k and i had about 30k, the solicitor went through what we were putting in and if we should be "tenants in common" or something or the other else. We could do a 50/50 split, or anything such else. Me and (now hubby) discussed and did 50/50 split and i actually borrowed a teeny bit separately from family and he didnt put all his money in, as I wanted the 50/50 split to feel fair. He didn't mind what we did. Our next house was much easier as everything was joint by then. The solicitor explained that its a really common situation as its unusual 2 people have exactly the same amount of money when buying their first place.

Correct, they're getting a joint mortgage, complete waste of time as a thread.

Sorry you're still not being clear at all!

Is she actually named on the mortgage application and has her income and circumstances been assessed by the lender???

Saying that "she will be paying half the mortgage and bills" doesn't make that clear. She could simply be giving him money each month for rent and household costs.

If she was named on the mortgage application then the lender will naturally include her on the deeds!

It sounds more probable that they don't even know of her existence and she's not on their application. Therefore legally she has no liability for the mortgage so WILL NOT be paying half of it.

I don't think you really have a grasp of what is happening at all OP

ArkaParka
Karatema
Almostwelsh
BIossomtoes
howshouldibehave
everythingthelighttouches
WaxyMcWaxerson
soupyspoon
Tiredofallthis101

There is no obligation to own the asset when making a promise to repay the loan.

So the BF can own the property and hold it in his sole name

If she is on the deed she the bank said she must be a party to the mortgage as the bank benefit from being able to take and sell the house as a single unit to recover any money owed

ripon432
I doubt they could get a joint mortgage without both being on the deeds

Can happen with this:

or some arrangement in place

LBFseBrom
Being put on the deeds means she is liable :
nothing except state taxes

for any mortgage, :
Nope

repairs
Nope not unless court ordered

and goodness knows what :
Nope not unless court ordered

An owner can choose to let it rot back into the ground

I don't understand how the mortgage will be in joint names without your daughter being on the deed. A joint mortgage means a loan with both on the contract as liable for repayments. It automatically means both names on the deed.

This could well be a moot point anyway. Unless you live in a very cheap area, a £60,000 deposit will still require a hefty mortgage. As 20 and 22 year olds, I can’t imagine their pay is much bigger than £25,000 each, so they may not even be approved for a mortgage.

Depends, is she involved in the mortgage? Is she paying towards it? Stamp duty, furniture etc Or is she just living with him and chipping in towards bills? If it's the latter and they're not married, then she shouldn't be added to the deeds. If he's asking for her half of the mortgage then she should. It depends really.

Your dripfeeds updates change things obviously.

If she’s going on the mortgage then of course she needs to go on the deeds with a ring fenced deposit and she’s an idiot if she doesn’t see the need.

They should be married or if she pays both rent and bills she should be on the deeds and this called mortgage not rent. Don't let her paying him any money and him having all rights to it. It's bonkers and she's be used

Because this is a decision they have made. Im going to assume both will be working and not her staying home being a wife.
My ex contributed nothing to my house. He didn't even pay for furniture. He made the decision to not save anything to help. When he left he took what he owned which was literally just clothes. Why shouldn't he have paid rent?

YANBU, we bought our first place together with a deposit from my side of the family, and split it 70% to me, 30% to DH with a Deed in Trust, it was very little trouble to sort, was just agreed with the solicitor at a meeting. I offered DH more of a share in our current place, but he said to keep it 70/30 as the deposit money was still from me.

If she is named on the mortgage deed she needs to have legal title ownership with a trust deed drawn up to protect his deposit interest.

A joint mortgage (for borrowing power) and sole proprietor set up is not common and I doubt a mortgage company would go for it in this context. Too high risk. So I think we have got to assume he has the salary to support the borrowing.

The boyfriend should absolutely get the the solicitor to draft an agreement that all parties sign prior to the house purchase being completed that ring fences the £60k he’s putting in

if I was the boyfriend I would want a percentage of the house ring fenced. So if the house is worth £240k id want 25% of the house ring fenced

Often mortgages are less than rent

I agree if not on the deeds she should pay rent to him but that may actually be more than half the mortgage.

It would be easier if he paid all the mortgage and bills then separately charged your daughter rent/bills like any other tenant.
Assuming you don’t think she should live rent free or as a freeloader.
If he wanted to put her on the mortgage he would.
They’re young, in love but don’t see why his good fortune should benefit your daughter at this stage.
The risk is on him too as describing it as paying the mortgage could give rise to a beneficial interest. Plus if it was the other way round, you giving your daughter £60k, to secure her housing future, I’m sure you wouldn’t want her BF on the deeds… even ring fencing that contribution costs a fortune to unravel finances.
Leave it be, and just think of it like her paying rent. She has the option to save and buy her own place if she wants to.

Are they doing a joint mortgage application in both names? Then she will be a co-owner. If he's applying for a sole mortgage, then she's just his lodger even if she's paying him rent equivalent to half the mortgage.

If she's not applying for the mortgage, she won't be on the deeds.

If she’s paying half the mortgage that should come with ownership right. Otherwise she should just pay some lower than market value rent.

There is sometimes no telling them, but they will learn

I very much doubt any lender will want to loan a joint mortgage and only put one persons name on the deeds, in fact it's going to be pretty impossible to get a mortgage in this way.

the reason being - he loan is larger because they will take b0th incomes into account - so they want both parties to have a vested interest in the property, otherwise without her name on the deeds she can just stop paying her share of the loan and walk away - leaving him with the loan to pay and its not affordable as her income was included in the loan.Lenders won't want this

You are the voice of reason and using knowledge we learn with age

She should absolutely not be “buying” a house with someone and paying the mortgage if not on the deeds

The boyfriend should absolutely get the the solicitor to draft an agreement that all parties sign prior to the house purchase being completed that ring fences the £60k he’s putting in

Both steps protect both parties

They are either buying jointly together in which case she is on the mortgage and the deeds with him having a trust deed to protect his £60,000 contribution

OR/ he is buying in his sole name and she is merely a lodger who shares the bills and pays towards the mortgage by way of paying rent. Even half the mortgage may be less than she would pay to rent somewhere.

They need to decide between them on what basis they are buying.