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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Who should really own our house?

429 replies

Littlething · 14/07/2022 12:47

I will appreciate some advice and fresh perspective on my situation please. Sorry if it is a bit long.
Me and my partner of 15 years (two dc, 11 and 8) are about to exchange on a house that we are buying with the money I inherited from my late parents. There will be a small mortgage, paid out of rental income on my flat in London. We moved to where we are now 2 years ago from London for his job. We were renting here while we were looking for a house to buy paying rent out of the income on my London flat. I have stopped working after my youngest was born, my dp has a good job (architect), that covers our bills. My parents gifted me the flat in London, so we lived rent/mortgage free and they gave us cash for holidays, new car etc, we would not be able to afford it otherwise. We spend rather carefully, shopping in H&M and Lidl but we like to entertain, go to the theatre and children have lots of hobbies. My partner has a flat in London that he bought before we met, he pays mortgage on it and rents it out, so mortgage is covered.
The house we are buying here is small and will need extension and loft conversion, it will be paid for with what’s left out of the money my parents left me. For context, we decided to buy a small house (in a not very ideal location) because it is all we can afford without selling mine or his flats and he is strongly against selling since “it is our pension”.
I agreed to put both our names on the title. I want to make it clear that he is a kind and loving person, he is my best friend and the children adore him. I do not want to upset him by spelling out that it is my money that we are spending on the purchase and renovation. However when I said the other day that I expect to have an upper hand when it comes to decisions to do with renovating (and maybe selling when the children are off to Uni) he got very upset. He feels that he will “pour all his energy, time and skills into the house and will be left with nothing”. He also said he feels his contribution to our finances is major because all his salary is spent every months, he provides for us and this needs to be recognised. AIBU to expect him to see it from my perspective?
Many thanks for reading and sharing what you think.

OP posts:
ChiefWiggumsBoy · 19/07/2022 21:11

HinchcliffeandMurgatroyd · 17/07/2022 23:59

However, and this is my main point, I maintain my perspective that if OP were to keep 100% ownership of the new house that they will live in jointly, then that would be actually self preservation rather than selfishness. Whereas, signing over half the equity in the new house to her DP without him contributing half of the purchase cost would be either generous or foolhardy.

Haven’t we all missed an important detail here? If, while OP is providing a substantial deposit, the mortgage is based on her DP’s earnings, then surely his name will be on the mortgage - and hence the deeds - anyway? Any mortgage based on his income would have to have his name on it and lenders don’t allow the deed details to differ from the mortgagee names any more. So the percentage split (via deed of trust) is the only issue to be decided, I think.

Well I've said it several times over the course of the thread....

RustySwitchblade · 20/07/2022 22:54

Littlething · 17/07/2022 01:06

I notice a few people say that getting married (and pulling all assets together) will solve it for us. Sorry for not seeing the obvious but how so, if his asset (flat) is worth, say, x, mine is 3x and my inheritance is 2.5x. In case of divorce, splitting assets will leave me worse off…or is it implied we will sigh a prenup of sorts?

I can see why you wouldn’t want to split it 50/50 if you contribute significantly more, but think you really need to include his income ( especially what’s spent on bills) on working out what’s fair

usernamealreadytaken · 25/07/2022 15:13

HRFT but from the responses I've seen this is where the MN hypocrisy shines out - if this was a reverse and DP wanted to buy a house solely in his name, we'd all be screaming for OP to get her name on the deeds for "protection". DP is making a significant contribution to the household so should be entitled to a reasonable share of the property and a say in how it's renovated, decorated and used. DP sounds cautious and sensible in keeping both rental properties as pension, as it's likely that OP doesn't have full pension provision due to not working, whereas DP probably does. A solicitor can ringfence the initial inheritance contribution, but I think any increase in value should be seen as joint as DP will be contributing and is a member of the family - him working is presumably facilitating OP to study and enjoy time with DC and also doing charity work.

Harridan1981 · 25/07/2022 19:56

A huge number of posters have already spoken in support of the partner.

Besides, unless you mean that individual posters post the opposite point on different threads it is hardly hypocrisy anyway, it's a forum of individuals not a hive mind.

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