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

Exactly. If it is a joint mortgage it should be a joint purchase with both on the deeds. His deposit ring fenced. But preferably daughter should be kept off the mortgage and pay rent to bf. His parents could be guarantors if he needs more than he can borrow on his own for a mortgage.

There is no way I would be encouraging my daughter to shackle herself to a mortgage at age 20. At that age they need to be free to move relatively easily should a job opportunity or some such (a breakup?) require it.

She's sharing the bills not buying the house with him. It's his money buying the house. So her name doesn't need to be on the deeds. Sharing bills is fair as she's running up the water bills, electricity ,gas, phone bills, food shopping. That's all .

Not so simple. He could still expect her to pay towards the mortgage. Honestly, I think she should walk away from the whole endeavour as it sounds like she will be spending out and he will be reaping the benefits.

If she is going to be paying half the mortgage she should go on the deeds but with something drawn up to say he paid x amount as deposit.

I have to say I really don't get all the posts saying that if the girl's name isn't on anything, she should only pay half the bills and get FREE rent. No, she should pay half the bills and a reasonable amount of RENT, the same as she'd pay if she lived anywhere else. Just as she shouldn't take responsibility for upkeep etc. on a house she has no financial stake in, he shouldn't have to give her a largely free ride, either.

To be honest, most 20-year-olds in most places don't even make enough to be allowed on mortgage/deed anyway.

If shecus not on the deeds. Then he pays 100% of mortgage. Then she pays 50% of other bills eg electric/gas etc.

Or they buy together and he has a prenup to protect his down payment. These are the sensible choices. He cannot expect her to pay half of everything and receive no revenue.

Yes both taking a loan.

She can take on the loan obligations acting as a guarantor and not be on the deed.

DD is then 100% liable for all the loan (borrowing the full amount ) and gifting cash to BF and buying nothing.

The bank have no duty of care to make sure she is on the deed.

Can you point out what law or regulation obliges DD to get legal advice to take out a loan for cash?

BF is buying land and no matter how it is financed can only carry out that transaction by employing a conveyancer or a solicitor.

The bank want her to get legal advice because the first legal argument she would use in court would be a unilateral mistake of contract. She believed she was also buying the house but the bank and BF knew she was not.

If DD and BF ask for a loan to be set up that way most lender will have that product.

But as you said DD would be very foolish to agree.

I don't think this is a good idea because she's only twenty and not married. I don't think it would be wise of her to mix up her business with him as if she is an older, married person.

At their ages, it's as likely these two will split up as not, and then she'll be stuck sorting out a complicated, unnecessary mess with him.

And she could as easily lose money as gain money, especially if they aren't together for very long before splitting up. And/or she might have to continue paying her share of the mortgage for a long time while it's for sale or while the un-sorting mess is tied up in court.

Instead, I'd advise that she should only pay what she'd otherwise likely pay in a roommate rental situation, even if that is less than half his mortgage payment, and let it be his house. If they ever get married, which would hopefully be at least a couple of years into the future, then her name could be added.

If taking out a mortgage and it's only in the boyfriend's name, the title deed can only be in his name, regardkess if the DD pay towards the deposit. This did apply in 1998, as this had happened to me, but I don't know if this still apply nowdays.

If she’s contributing 50/50 to mortgage and bills then I think she needs some legal rights over the house - otherwise she’s renting her share and he’s her landlord. As others have suggested, enabling him to ring fence his initial payment proportionately seems a fair way to proceed.

No way would i pay a mortgage without my name going on the deeds,ring fence his deposit if necessary but not for a pension would I be on a mortgage that didn't have my name on the deeds.

Is the mortgage in both their names and is she contributing? If so, I think she should be in the deeds but he rightly ring fences his deposit.

Legally if she is paying off some of the principal of the mortgage ie not just interest, then she would be entitled to recoup that money and also have a shout at any price gain of the property. However if the house price fell, would she be happy to pony over money to cover the negative equity if they split?

Bills are totally different to mortgage
Gas electric are consumables not investments so she should pay her way and pay 1/2 of these

if she’s paying to the mortgage then that’s a different matter he needs to ring fence his deposit

tbh at 20 with a big deposit the guys a complete fool if he just puts her name on it

the thing is you look after your own if it was DD with big deposit you’d hear the screams from space keep it in her name protect herself and he pays her rent or he’s a cock lodger

She’s only 20. Chances are this won’t be a forever relationship. If I was bf mum I’d be reluctant to give a big sum of money if your dd had her name added to the deeds. Could your dd get a mortgage herself on a little one bed terraced and just rent it out? At least she would then have the security of knowing she has her own place should they split.

Yes, 100% she should have her name on the deeds or a contract which gives her a % of the profits.

Many lenders don’t allow someone to be on the deeds unless they’re also on the mortgage, because it complicates repossession rights if the mortgage defaults.

ETA: Sorry OP just seen your update!

https://forums.moneysavingexpert.com/discussion/5763258/can-i-go-on-the-deeds-but-not-on-the-mortgage

I mean of course if she is legally on the mortgage she has to be on the deed. Otherwise she has a debt but no asset.

When I moved in with DH it was his house and I just paid him whatever I'd been paying in rent before. We did this for a few years (I moved in after wed only been dating 9 months due to my house lease ending) and one we know it was serious I asked for my name on the mortgage and we got a declaration of trust to protect his investment.
After that it was 50/50.
I'd suggest either paying a nominal 'rent' or sorting the decoration of trust and a joint mortgage.

She shouldn’t be paying half the mortgage if she gets nothing back. I think it’s fair to either

1. pay half and ring-fence the deposit percentage as equity if they come to sell and have a clear view on what would happen re negative equity.

2. (my preferred for her age and stage). Keep finances separate. His property is his and she continues to 50% of shared bills and not the mortgage. Possibly an argument for a contribution towards the interest part of the mortgage but absolutely no capital payments unless she has something to show for it.

I did something similar to 2 when I moved in with my boyfriend- now husband. I paid a nominal rent to cover bills and saved hard so I was in a position to contribute equity when we brought together.

They're only 20 and unmarried, FFS.

Think about your own relationship status when you were 20 - I was in a very lust-filled but actually pretty unsuitable, yet fun, relationship with a guy who really wouldn't have met my needs long term. I loved him with all my heart, but it wouldn't have been the right time to ever think about making a long term, financial commitment to each other. 20 is such a fluid time of flux where you're learning about yourself and what you want, and where you want it to happen, and what you want to do with yourselves.

He should absolutely buy the house and she can contribute to bills. It will be cheap living for her and in the meantime she can save hard to build up her own assets in the future.

In that case they need a joint mortgage which will automatically mean she has to be on the deeds. I would expect the deposit and the percentage of any resulting increase in value relating to it to be ring fenced by the boyfriend. Personally, I wouldn’t advise my son to cohabit with a girlfriend under these circumstances unless it was as a serious enough relationship to be considering marriage. There’s too much at stake for both sides.