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

Given she is not contributing to the deposit they should put something in writing to protect the boyfriend’s deposit IMO

He needs to protect not the deposit, but the percentage of the house related to the deposit

Many years ago when my BF moved into my house, he paid half of all bills (not mortgage) and paid several hundred pounds a month into a savings account in his name only. He could have bought his own property if he wished. When we were ready, 6 years later, we bought a bigger house together and used the cash he had saved.

it might be easy to think ‘oh well, she’d be paying rent anyway so it’s all dead money’ however, several posters have rightly pointed out the loss of first time buyer status which seems an important point to me.

Totally agree. This and “draws” instead of “drawers” really get me!

But, considering she's planning to get a joint mortgage, I've advised her that if this is the case she should also go on the deeds, obviously protecting her bf's money.

She will have to be on the deeds if she is on the mortgage, the bank will not allow it otherwise.

OP has said that her DD will be paying half the mortgage and bills and for the upkeep/maintenance of the house.

If she is on the mortgage and the bank considers her income when calculating the loan details, then they are buying a house together and she should be on the deeds. To my knowledge it’s actually not possible to be on the mortgage but not the deeds. They need to seek legal advice for a fair way to protect his deposit.

The easier thing to do given her age and lack of deposit is not to include her on the mortgage or deeds, let him buy the house solely in his name, and have her pay him rent and part of the bills to live in his house like she would be doing anyway.

This. If she is not contributing to the deposit or the mortgage, why on earth should she be on the deeds?

If it's a joint mortgage application, then her name will obviously be on it. Have you got a mortgage yourself, OP, or is this all new to you?

BOUGHT!!! Not brought

Yes that's what its called! That's what we did (we were not married and my deposit share was significantly more) thankfully never had to use it but our solicitor sorted it all out for us.

Bloody hell. It’s not complicated. He can ring fence his deposit but they should both be on the deeds if the mortgage is in joint names or if she is paying half. There is absolutely no way she should be paying half the mortgage and bills and NOT be on the deeds. I did this with my then bf (now DH). He paid the deposit but we needed both our salaries for the mortgage, hence I was on the deeds. As it happens, he didn’t ring fence his deposit either, even though I told him to!
Decades later, we are gifting a significant sum to DD to buy her first house, with her DH. That deposit will absolutely be ringfenced but her DH will also be on the deeds, because he will be paying half of the mortgage.

Her name needs to go on the deeds if she's paying half the mortgage.

Ringfence the £60k and the rest of the equity in the house gets split.

I don't think it's fair on her boyfriend, or his parents, if her name were to go on the deeds.

Yes, she should pay her share of living expenses including bills. But don't pay towards the mortgage.

She should stay off the deeds and protect her first time buyer status.

If she is going to pay half the mortgage then the mortgage (and the house) should be in both their names. It sounds as if his parents are providing a deposit. The contract can be drawn up with them as tenants in common and the percentage adjusted to reflect his deposit giving him a bigger share of it.

My friend's daughter bought with her boyfriend a couple of years ago - though they had both saved a deposit so they had equal shares. The relationship broke up and the house has been sold - fortunately with a price increase so they have both walked away with their deposits intact.

It needs to be a joint mortgage application or her name will not appear on the deeds. She needs to contribute and he needs to make sure his contribution to the deposit is ring fenced. Anything else leaves her vulnerable and without rights.

I think she should ask to go on the deeds and for a declaration of trust. That way, he can protect his deposit 60k, and they can agree to a future equity split.

Realistically, I think your daughter is very silly to pay 50:50 of a mortgage, upkeep and repairs of a property she has no interest in.

YADNBU

It's simple, he protects his deposit, the remainder of the house is split 50:50 assuming they are both contributing to mortgage and or upkeep.
Each will need their own lawyer to draw up the contract and register interests at companies house. Any lender will need to satisfy themselves that both have rights to live in the house should a repossession arise. If your DD lives at home and you have household legal included in your home insurance policy, she may be able to obtain initial advice and help to arrange a lawyer if you dont have one.

Even if there is no mortgage, if she contributes to the upkeep of the house, she has a claim to a portion of the property. To evidence this she would need to catalogue every penny spent on the upkeep of the house and every minute she spends on this too. Far easier to put on place a legal agreement to start with imo...

You are entirely correct that your daughter should share the mortgage & name on deeds with her bf. It will be straightforward for his deposit to be protected, that frequently happens. If it it to be THEIR house she needs to share everything, just not be his route to getting HIS first house. I would talk to them both about it, explaining how he can protect his deposit and share the house with your daughter. Without your daughter's financial input he would be unable to buy the house, they need to recognise this. The trouble is that your daughter, with rose tinted glasses on, will be thinking that her lovely bf would never, ever do the dirty on her, and that she doesn't need to protect herself.

It doesn’t sound like they’re buying a house together. He’s buying a house and she will be a lodger/tenant. She shouldn’t be paying for the upkeep of the house – that’s nuts.

They’re so young; I wouldn’t be encouraging to get her name on the deeds.

Hi OP,

Yes, she should have her name on the deeds.

If they’re buying a property worth 4.5 times their salary or deposit eg:

£60k x 4.5 = £270k

Then he has put down a deposit that is 22% of the house’s value. Going forward, they can earmark 22% of its future value as his and the remaining amount to be split 50-50 if they ever separate.

After all, if he loves her and doesn’t want her money to go down the drain then he will act as the majority shareholder instead of the exploitative landlord.

If she pays half of the mortgage then she should be on the deed. (Helping to) paying of the mortgage means the house becomes yours over the years, it would be illogical for her to pay off on a property that will never be hers. If her BF doesn't put her on the deed then he should pay off the mortgage on his own. That way the property stays his and his alone. In that case they can still share livingcosts like utility bills and groceries. He could then ask her to pay him a reasonable rent for living in his house - a rent comparable to what your daugter would pay to a landlord - so nót half of the mortgage.

This

If she is contributing nothing to the purchase of the properties and if her income is not being taken into consideration in obtaining the mortgage, there is no entitlement for her to go on the deeds, or the mortgage. Basically she will be paying rent and her share of the bills, he is in effect her landlord.