Hi all, I will try to keep this as short and clear as I can and I do appreciate this is a first world problem, but I would appreciate to know your views on this.
My partner had to retrain for his career and I have borrowed him just over 9k over the last year as I have paid the bills when he has been unable to due to training/studying for new job.
We have lived together for 2.5 years. He owns the property we live in which has a market value of 285000, his equity to date is approx 150k.
Prior to my lending him this money, I was paying £400 per month as a contribution, so for approx 1.5 years. His mortgage is £636.
We are discussing me going on the mortgage from now, but with him keeping his equity for the moment and getting it written up what he owes me. we are looking to move in a year once he can prove his earnings as he is now self employed. He has said at this point we will go 50/50 on everything although I haven’t asked for this. I don’t expect I will get my 9k back if we do this as he/we will need to put everything into a new house as it will be approx 400k.
Can you please advise me if you think this is a good arrangement and Aibu to think otherwise? I should probably consider myself lucky that I would have any equity as I don’t have enough to buy on my own currently