To pay rent?

[Inapickle70]

Hi hoping for some good advice please. Currently live in a house with a mortgage. Always the aim to downsize when kids moved out. My daughter is moving out in 6 months. If I downsize I can buy a place outright so no mortgage. I have no savings or pension plan. Work full time but never no spare money. My partner is making noises to move in (he rents) but he thinks he can not pay rent. I think he should pay rent £200 a month which I would try to save. I literally have no spare money just need some savings incase car goes wrong etc. Am I being unreasonable, he currently pays £800 in rent. We would go half on bills roughly £300 each, so he would have to pay £500 a month. He currently pays £800 rent plus £500 bills. I just feel have worked so hard to pay mortgage, worked 7 days, 3 jobs at 1 point to let someone live rent free. Thank you

NO NO NO

Here is another way of looking at it: before you invite someone to move in, consider how you would get them out again.

Your experience of taking about moving in, his reply to your suggestion of (entirely reasonable) rent is to say 'surely you don't expect me to pay rent'. Imaging what he would say if he were living with you and you ask him to move out.

I'd love to know just what he thinks he brings to the party that he shouldn't be expected

Expected ... to pay rent.

He may end up building beneficial interest in your property if you charge him rent. So if you split you'll risk having to pay him a chunk of money.

I skipped the middle page, but if your daughter is moving out, remember that if he moves in then you're missing out on the 25% council tax reduction for single person residences, so his half of that bill is only partial compensation (and yes, it's not much, but it all adds up)

Absolutely though - if he's quibbling over making this mutually beneficial, I really don't think you should do it.

It never ceases to amaze me that some men think they should be supported. He will not pay you anything. He will claim that you would have to pay the bills anyway. He will spend or save his money and plead poverty.

It is insulting that he thinks you are there to cushion his life. I would end it.

According to another recent thread where a woman has been living with a man for years and paying regular money, she has very little chance of that and the man she's with has a mortgage.

This op would be mortgage free at the point he moved in so he would not be contributing to the mortgage because there would be none. They aren't married so he wouldn't have that claim either. So his chances would be even lower than the woman on another thread here who's been with her bloke for years, had his children and actually contributed a fair whack of money and deserves a share! She's been told by people who say they work in the field that if she can't prove that she paid specifically towards the mortgage and that she contributed specifically towards home improvements it's highly unlikely she'd be entitled to anything.

Why don’t you buy a property together using some of your capital. It will give you both an investment. Make sure your capital is ring fenced.

Use the rest of your capital for a personal investment vehicle. Whatever that may be.

it will make you equals in the home and benefit both of you.

Can you just make him pay half bills - utilities, council tax, house insurance - and save what you are are gaining by sharing the costs?

Rent out your house, save the income cash towards your pension. Rent a house jointly with bf. Both pay half the rent, half bills. Offer him that. That is fair. If he refuses day you will carry on as you are living apart. What is not fair is you subsidise him to your detriment. If he says no he is a user and only with you for your house.

Why should he get to just live (rent part) for free though, when it was OP’s hard work that paid off the mortgage?

My husband actually does live for free (and I’m still paying a mortgage!) because I far out earn him, and it works for me. So I’m not throwing instant cocklodger accusations at the idea of it.

But I’d want a good reason for a partner to get to just benefit from my hard work and choices.

That’s quite possibly crackers though.

OP would be paying tax on rental income, taking on the hassle of tenants, the hassle of tax returns, managing void periods, possibly serious matters like non payment and damage and eviction, plus the cost of repairs. You’re own house you can live with a broken bathroom door lock for example, until you get paid. Or do a cheap job - like an “occupied” sign or just knowing you have to call out “anyone in the loo?” Not as a landlord. Possibly also losing money to an agency - not everyone can or wants to manage a rental.

And what does she get in return?
Rent to pay.
Insecure housing - and more costs if you have to move.
The stress of having to find the second rental (when the first is taken back, or rent goes up) - have you read any of the threads about renting?!
Never being able to have a house quite how you like it, it’s not yours.

Who in their right mind would choose that, over just living mortgage free in their own house?!

I’ve got a feeling the ‘D’P might not be in a position to buy anywhere. No doubt that’s why he’s thinking he’s onto a winner here.

I wouldn’t let him move in at all. It sounds as if he’s instigating it and only for his own good.

Don’t agree to him moving in. Get a lodger instead - maybe someone who only wants somewhere to stay during the week and goes home on weekends.

He doesn’t sound like he would pull his weight around the house either

He stands to gain about £1000 a month if he moves in with you.

If he really loves you he will come up with a better plan than scoffing at the idea of paying rent. Plus you know that £200 a month plus half bills is derisory! That would be less than I paid as a student and that was 20 odd years ago.

He wants a free ride, sorry OP. Don’t be a fool. You’ve worked hard, don’t let him move in.

I wouldn’t let him move in. He’s shown he’s likely to try to push back against this constantly until you give in / let him free load in this and other ways.

The fact is that you don’t have spare money so can’t sub him. By all means if you were very comfortable, but that isn’t the case here.