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

Just flipping this on its head. I met my boyfriend at 17, we both saved and put down half a deposit on our house when I was 23. 10 years later we're happily married in said house with 3 kids. Whilst you have every right to be concerned, some relationships do last. Obviously £60k is a ridiculous amount of money but can your daughter put anything down as a deposit? She definitely needs to go on the deeds if she's going to pay half the mortgage and it would be really stupid if she doesn't do this.

If they are having a joint mortgage then yes she should be on the deeds imo.

Obviously with papers drawn up to protect his lump sum.

Yes because thats what happens in a conversation, people talk and go off tangent or share other information, the thread is still up, so I'll comment and respond to people if I want to.

But really your communication in the OP was dire resulting in a lot of people wasting their time trying to give advice when the issue wasnt clear.

But what is the relevance of this? OP says they're buying a house together, therefore they can obviously afford whatever they're looking at. They might not be on 25k each, they might be both newly qualified or newly qualifying professionals earning 30 or 40k for a first job, who knows. Or they might be on 20k each and be buying a property for 100k.

Why is it people come on threads like this and talk about property as if the area where they live is the ONLY place that matters regarding house prices. There are other places and other economic situations up and down the country you know!

Like I said then, a cheap area. You wouldn’t get anything for less than £300k around here.

Utterly nuts for her not to have some kind of contract to protect her investment in the house if she's paying half the mortgage/working on improving the house etc etc etc.
This crap happens all the time - and it's insane how many people end up putting money into houses they have zero ownership interest in, and no way to get that money back if the relationship fails. She should be putting that money towards her own house! Not being used as a mortgage payment fund!
By all means he should have protection for the lump sum he's used to finance the house purchase, but if he's expecting her to pay off part of his mortgage each month she needs legal recourse to get that money back if the relationship goes south. She needs to speak to a lawyer.

It’s pretty standard for her name to go on the deeds, if the loan is in joint names. It CAN be circumvented, but she would need to agree to it, and I would strongly suggest she take independent legal advice if she was considering this option.

Well that is what is going to happen. Yes it is wrong but it is what will happen if she doesn't go on the deeds. She has no protection. If she was renting, she would be paying the same and paying off her Landlords Mortgage.

She just needs to reference the monthly bank transfer to him with the house address as the reference and her contributions will protect her interest in the property (recently happened to a friend of mine, unmarried, not on mortgage or deeds but got equity share when they split up)

Pointless asking the op anything as she does not answer any questions. Some of these posts are ridiculous if no one replies. OY.... WAKE UP.

It’s a moot point if they’re getting a joint mortgage - every major lender will insist all mortgagors are named on the title as registered owners (the ‘deeds’).
But yes, even if this were not the case, if your daughter is paying towards bills and mortgage, she absolutely should be co-owner. They should be tenants in common (so they can each will their share separately), which will require a deed of trust, in which his deposit can be ringfenced. If he has an issue with this, do not let her move in and contribute a penny. It’s a huge red flag.

If he keeps her off the deeds then he can get a mortgage by himself and be responsible for that alone

I strongly suspect, @GrumpyExpat, that the boyfriend may need DD's salary thrown in to get the mortgage he wants, and since he's very young and only got the inheritance because one of his own parents lost their parent, they may well be in his ear and feeling protective about "not letting some girlfriend get your house"

As mentioned, in the GF's position I'd be saying a very definite no, but if he can go ahead and buy on his own while they're living together there's nothing to stop her saving "her half of the mortgage" in her own name, to chip into the pot if they marry (and to give her something to fall back on if they don't)

If they’ve got a joint mortgage that they are paying equally, then of course she should be on the deeds. However, boyfriend must ring fence his deposit which can be done by a solicitor. That way he doesn’t lose what he’s put in.

To clarify, my DD WILL be paying half the mortgage and the bills, and for the upkeep of the house

Then she needs a proper legal agreement, drawn up by a solicitor, about who owns what. Otherwise they are not buying a house together, as pp have said he is buying a house and she is just living in it and paying towards it(!)

If the relationship survives (say) five more years and then ends, and they haven't made any formal legal arrangements for compensation, then she has no rights. All her five years of contribution to the mortgage and to the upkeep of the house are wiped out, and she will be entitled to nothing. If mortgage plus house upkeep adds up to less than market rent than OK she hasn't lost anything, but that's a calculation she will need to check regularly. And she will still need to save up for her own place as well as paying him rent or mortgage or whatever they choose to call it.

Actually I agree with pp that she is too young and their relationship is too new for them to be making legal and financial commitments together, but on the other hand moving into "his house" not "our house" shifts the balance of power. Moving into "his house" and paying his mortgage without a formal legal agreement is the worst of both worlds for her.

You need to make sure your daughter is aware of tax implications of doing this. There are “first home” benefits for stamp duty (currently) and also for using LISA savings. If she share the mortgage or even on deeds she will be ineligible in future to these benefits as the shared mortgage could be classed as ownership (I don’t know rules precisely but please check these out). She would be better off being a lodger and making her own savings pot for future.

if she does persist in getting a joint mortgage then she could get a smaller share of equity. This can be done by a solicitor as a deed of trust. Typically if one person is on the deeds and two on the mortgage this is similar to a “guarantor” and the bank will want evidence she is happy with this arrangement via an independent legal office. She could get a 40% share say, if that £60k is 20% of a £300k property then they are effectively sharing 80% equally that is mortgaged. Then if they do split and the property is now worth say £400k then she would get half of £320k less the current mortgage - which if say paid down to £200k would give her £60k to walk away with to start again. Without any legal a she would get nothing.

Paying half the bills or mortgage?

If bills only then she shouldn't have her name on the deeds, if she isn't contributing at all. She should save up as much as she can for her own investments.

On the other hand, no way should she be contributing towards the mortgage of she isn't going to have any equity in the house

She needs to be on the deeds with bf’s deposit acknowledged so if they split and the house is sold, she gets her share of equity after he takes his £60k. If she doesn’t do this she could lose all her input. If they won’t allow this, she shouldn’t move in.

tenants aren't on the mortgage, and thats what is being suggested

She’s not putting up half the money for the house so of course she should not be on the deeds! She will be living there as a lodger (even if she is sleeping with the owner) and so as such she should pay towards bills, as any tenant would!

I think this is very risky considering she is only 20 and they have only been together two years. Do they currently rent somewhere together?

Have you met his parents? What are they like?

I get the feeling that they have given him money to buy himself a house and not as a couple. She needs proper legal advice.

The house is still pledged as collateral against the loan by the BF

So its the same basic process as if they both were on the deed.

The house is at market value eg 500,000
The loan is MV-60k
(Assuming the bank dont lend on other costs)

BF owes bank 440,000
DD owes bank 440,000

Each debt is only reduced by the total repayment (+interest)

And the bank can collect the full amount from one or both.

If BF is not paying bank write to him asking to make payment

Plus as BF is not paying the bank write to DD looking for the full monthly amount.

Bank warn both that breach of contract will result in the full amount falling due and that they will repossess the house

Bank add on penelties and give them a chance to reorganise if they can prove stoppage is temporary

If BF And DD are still not paying and the bank instruct him to sell the house for the minimum of the loan amount plus any other charges.

And warn her she owes the full amount (with no house to cover or part cover the loan)

Neither paying and house not selling so the bank go to court to get their money.

If DD has 440,000 cash they look for the cash and BF keeps the asset.
If no cash is offered they request an order to seize and sell (and add in the banks costs) to recover their money.
Plus get a court ordered repayment plan against both if the MV will not cover what is owed.

The judge will look at the individual circumstance around ability to pay

So owed 440,000 +30,000 legal etc

House needs to clear 470,000 made 400,000 and BF filed as a bankrupt

DD can be ordered to pay all 70,000 and a charge can be attached to any property she owned and the bank could look for a sale order.