How to advise DD

I think your idea of a small flat would be a good idea. All the people saying it's hard work, not worth it etc. As long as it washes its face wouldn't that be okay. The rent covers all the fees, and it's bricks and mortar, a place to live if ever she needs it.

Agent will take 10-11% for finding a tenant, more ( variable) to also manage the property. BTL is not a good idea anymore. Look at Martin Lewis' website for recommendations for ISAs

Hmmm, that makes more sense. We have considered how to ring fence a deposit we would give to one of our children for buying a place with a boyfriend/girlfriend in case they split up and it is tricky, so I do partly see this father's concern, especially as he had had recent experience of divorce.

Is your daughter excited about this or does she share some of your concerns? My worry would be that this prevents her from building equity in a property. Could the trust buy half and they buy half as a couple? There has to be a way to provide everyone with what they need here. The pre-nup scares me because if they marry and have children it then seems like a terrible decision.

I feel much reassured that it is the boyfriend's father driving this and not the boyfriend. If you find a solution, please let us know, OP.

I wouldn’t do a BTL necessarily.
Could you put the money into a savings account and tell her to save a decent sum each month if she’s not paying rent in case they split up ?

If you're keen to buy property as an investment for her, just keep it in your name

Can’t you set up a trust for her? I don’t know anything about them so maybe they’re expensive, but would that not protect her assets in the event of a divorce?

@cupfinalchaos i would honestly advise her to be very careful about marrying a man who would consider the marital home his asset only and who would take steps to ring fence assets in this manner. And as others have said, she should be very careful about her own financial position if they do get married down the line.

I would hate this. You want to build a home and life together. As a PP said, will this ever be her home? Can she redecorate? I get the practicalities but this could be really undermining to their relationship. How does your daughter feel about it OP?

It’s great that you are looking out for your daughter’s interests, but you won’t be around forever. She needs to take responsibility for her own financial wellbeing. If she isn’t minded to do the research herself, please encourage her to find a financial advisor to help her navigate it. She really needs to take control of her own situation here for her future wellbeing.

You are right to help her think this through.

I’m not married but the high earner (female). We purchased jointly despite disparity in contributions, as there was an implied and mutual understanding. No one thinks it going to be them who splits.

The other person in this case didn’t give up their career for the kids, they gave up their career to work v v PT and pursue a hobby which left me to cover almost all family expenses working FT in a super stressful role. There are other things I won’t go into. Over 10 years it’s hundreds and hundreds of thousands difference. If we split they default to 50/50 ownership unless I pursue in court via TOLATA.

The other party is right to protect their asset but what is expected of your DD should be clear ie. is she expected to contribute to half the mortgage and upkeep etc. or nothing. There could be declaration of trust stating %’s for example. I would keep this seperate from what then needs to be a different agreement in the event of marriage.

Wanting a prenuptial is usual for people wanting to save their inheritance where's a substantial amount involved and nothing to do with commitment.
It's safeguarding their assets, nothing wrong with that, a woman can do the same.

A managing agent reduces the hassle, certainly, but it also reduces profit.

If you don't know anything about stocks and shares - that's okay. What many people is put money into an index fund. This means that rather than buying specific stocks, you buy a tiny amount of all* the stocks. Vanguard does this well (I am a Vanguard customer, but otherwise I have no financial interest in Vanguard)

If you have a buy-to-let property, you've put all your eggs in one basket. And one nightmare tenant, or a fire, or a property crash could leave you in trouble. Using a stocks and shares ISA you can spread your risk between different companies and different countries.

• Technically not all. There's usually some criteria, like "all large UK stocks" or "all medium to large sized global stocks"

You're an adult as well You don't need to correct every little thing on here like a 3 year old. I'm sure the op would do a little homework. It was just an idea amongst many others.

I would say after 5 years at 29 he’s wasting her time if he’s not proposing. She needs to move on.

She is an adult. She has to open it herself.
However op can gift her the ££ to her current account to then pay into the isa of choice or isas

Why would she need to keep the buy to let in this scenario?

Also I signed a prenup. They’re not legally enforceable in the UK and are meant to be reevaluated every 5 years and after every major change (ie child) to ensure they’re fair in the eyes of the court. If this isn’t done good luck to him trying to prevent her from getting some of his money after say 15 years and 2 kids.

Why does she need something in her name? Presumably she can now save more of her income because she doesn’t need to pay rent. He’s not taking anything away from her by giving her free lodgings.