Financial split

[Changeit2020]

Moving in together. His outgoings have been huge, 1k a month.

He moves into my house. Low outgoings due to lots of equity. He’ll now be contributing towards food, small bills and mortgage - so £200.

Would you be expecting that he would benefit from the reduction in his outgoings because it’s an equal split, or would you assume he’d pay more.

I’m really not sure what I think so advice would be gratefully received.

YABU - the plan is fair
YANBU - he should pay more

Neither

It depends on how much 50% of the costs are

If that means he benefits great

Yes, his contribution is probably around 50%, with him contributing £25 per week to food.

I meant £300 contributions, not £200. Sorry for confusion.

It’s difficult to follow. Is 200 an even split? And in that case, are you supposing that’s he should be paying above and beyond 50%? And just out of interest, what does he gain from paying off your mortgage?

You say your outgoings are low, but £50 a week contribution to rent (mortgage) bills and food is what I would expect a teenager to pay in board. Is that genuinely half of ALL the outgoings?? It seems extremely low.

£300 is an even-ish split.
He is also very generous with money etc.
We’ll get a mortgage together eventually but for now he doesn’t gain at all from paying off my mortgage. He was renting before.

He's not paying off a mortgage. He's contributing to the cost of living somewhere.

I think you'll be better off by having someone helping with the cost, he'll be better off also. Win win.

Should say, he also pays for TV package. I don’t pay that.

He’s not paying council tax.

I will be better off with someone helping, to be fair.

So when you total up all the bills plus food what is 50% and why is he not contributing to council tax?

I think he hasn’t factored in council tax and I didn’t think of it either. It’s probably more than half of bills if I don’t factor in council tax and an amount towards good shopping. So just bills, excluding council tax, more than half.

How much do you spend on a weekly shop? Tbh I'd struggle with £50 if you want to "eat good" and I shop at aldi mostly.

Easiest thing to do is list everything Inc mortgage and council tax.... Anything related to house and then split. He doesn't need to be contributing to your mortgage, he can pay you rent.

I do not think he should contribute to the mortgage but he should pay rent. He should pay half of all bills. £25 per person per week for food? I cannot do that!

So he is paying around 50%, that’s sounds fair. Wish my outgoings were that low! Sounds a good position to be in.

Add all the bills. If he pays half towards the mortgage bill as 'rent', that's fine. 8ncludectgectv package that he is paying.Then divide the final figure by 2.

You also need a discussion of who pays what in terms of maintenance, repairs, new furniture, electric goods etc...

Gosh, it’s really hard work isn’t it. I almost wish he’d just kept his own place

Why haven't either of you factored in council tax ? I assume uou will have an increase if you were getting a discount (and even if you weren't council tax is usually a big bill)

Why isn't he contributing to council tax? If it's going up because you no longer get single person discount he needs to pay 50% even if he didn't have to pay it before...

As well as contributing to costs he needs to contribute some sort of "rent" towards increased wear and tear on the house, contents insurance etc.

He is still LOADS better off and you should be better off to.

I hope the sex is mind blowing because why else would you subsidise someone living in your home?

How on earth is £200 a month enough to cover food and bills?

DP and I each put £900 a month into a joint account which was agreed when I moved into his flat. This covers -

Rent - £950
Council tax - £150
TV/internet - £70
Gas/electric - £60
Food shopping - £400

Anything leftover we spend on dinners or drinks when we’re out together. He also pays for car insurance because it’s mainly his car and I just drive it if I need it and he’s at work.

Sorry, I don't understand - you're going to be paying your mortgage and then the rest of the bills will be split 50/50 with the result that he'll be paying £300, which is £700 less than his previous expenses?

Now, on plus side, I assume that you're also saving as while bills will go up with him in the house, they're unlikely to double?

But this is batshit. He still needs to pay rent. If you own the house, he needs to pay you rent. if you rent, he needs to pay 50% of the rent.

Hang on, just to reiterate - if he thinks he gets to live in your house rent free, and just contribute to bills, then you have a much bigger problem on your hands regarding the way this man things about costs. And I don't care if it's your house and he doesn't want to contribute to your mortgage. He needs to pay bloody rent. FFS.

Add up all the bills. 50/50 each

Maybe £100 - £200 'rent'

Food budget 50/50. However much you think that would be.

So my bills minus my mortgage is £400. So 50% of that £200

£200 rent

And I would say £200 food. Anything left over can go to eating out/take always.

So he should pay £600.

So you think he should pay more because he used to? Makes no sense to me- ignore what he used to pay and focus on your new costs

50/50 except for the mortgage. He shouldn't be paying half the mortgage because you benefit from that far more than him. He should pay a nominal rent, depending on how much your mortgage is.

I’d probably ask for £650 per month which is the middle amount between £300 which I think is too low and the £1000 he used to pay.