Is this fair?

[Financequestionnewname]

Having read another thread and considering my partner moving in. I want to be fair to both of us, is this fair or AIBU?

He rents his home out, very tiny mortgage.

He moves in and pays half council tax, half utilities, gas, electricity, water and phone, TV etc.

He pays amount in rent, not yet decided. He says no rent but them surely he gains in rental income from his property by living in my home.

Food split and other costs split or pay for our own items.

Thoughts please?

Is some rent being unreasonable?

He can pay his mortgage off quickly by moving in with you and you should be able to do the same. And yes I would think a woman moving to someone else’s house should contribute.
He should pay around half your total bills. You’ll both benefit.
Bit of a worry if he thinks he should be the only one to benefit.

Thanks.

Thanks I agree

@Hummusandstuff

"Bit of a worry if he thinks he should be the only one to benefit."

My thoughts exactly.

OK well I think he's trying to gaslight you and live off you, so really I think you shouldn't be with this complete loser.

Other than that, if he was an amazing man in this position I'd say: rent out his place and he should pay the tax on that income. Then whatever's left should be split between you. With his 50% he can pay the mortgage and then with your 50% you can overpay your mortgage, or you could each do whatever you want with the money. Each of you is responsible for any jobs on your own places.

Once in your place, all bills should then be split 50:50.

But, as I say, he's seeing you as a quick way to pay off his mortgage, so I would tell him where to go.

No he isn't. He has tax, insurance, agents fees, maintenance costs etc, gas certification, electrical certification and other outgoings. Rent is never 100% profit despite what those who rent assume.

Yes potentially he could share profit element by way of rent.

You should equally benefit from moving in together both financially and with the housework/DIY/chores etc.

Why don't you suggest moving in to his or renting a place together?
3 different spreadsheets with all the costings.

If he doesn't want to engage with this you have your answer, he just wants to benefit from the arrangement and doesn't really want you to benefit.

I live alone and there are lots of positives, as well as negatives, don't lose all the positives and none of the negatives so he can be mortgage free as soon as possible!

I cannot imagine charging a partner or spouse rent. But I think as well as bills he should make a contribution towards mortgage interest costs and general household maintenance.

Another thing to look at would be total outgoings for the two households separately, compare to the new combined expenses and share any saving.

It's not rent, it's equally sharing the cost of living.

He's not a teenager and she's not his mother.

Other than agent's fees, he had all of the other costs before or at least should have.

DH moved into my house and I charged him half the morgage and half the bills - half the cost of living in my house, plus £100 a month on top so we could have holidays together:

I sold and we put my equity down as a deposit: it’s not ring fenced.

He saved as he wasn’t paying double for a shared house and have use of all the facilities.

OP called it rent.

And sharing her capital mortgage payments is not sharing a living expense. That is like saying if she had massive credit card bills (a mortgage is just a debt) he should start to contribute to paying those off if he moved in.

The only expense item here is the mortgage interest cost and any general house maintenance, e.g. annual boiler service, which I have suggested is split.

@Picklestop I think you are missing the point.

This isn't about a credit card bill.

It's about a new arrangement of him moving in which should benefit them BOTH, not just him.

If the tables were turned, I somehow doubt he would be happy for the OP to gain a rental income, and he gains nothing.

Exactly this. You should both see a financial benefit to the arrangement.

Suggest looking at a spreadsheet showing how you’d both fare and comparing it to you moving in with him, renting your own home out and only paying half the bills.

So he gets cheaper bills, his mortgage covered an £1k on top, you get cheaper bills. That's a really good deal I just have one change, you move into his place and rent out your place.

If you’re going to go this far (and I don’t think it would be wrong to, necessarily) you also need to account for the appreciating asset of the house itself. Even though you might be out of pocket in the moment, a significant amount of the expenses are going into buying an asset you can sell at a later date, at which point you’ll be making a significant profit.

This, the savings should be of mutual benefit

If this is how you feel you should stay living apart. You should only move in with someone when you really want to be with them all the time. Your approach means it’s destined to failure before it gets off the ground, plus he’s trying to make money off you. Terrible combination of factors.

It’s a different type of gas safety check when you are renting, few people have an electrican round every year to check for safety, insurance will be higher as it’s rented, often the mortgage terms change and aren’t as beneficial, he will need to buy a EPC, the agency fees will be new, the fees for a tenant to be credit/referenced checked will be new. Usually when you live somewhere you can do your own repair or leave something for a bit, instead of paying more for a contractor to do the work because it’s rented. He won’t have had the tax to pay on the rental income before, if he has any sense he will have further instance to cover rental payments not being made (also new). He might need to make a number of changes to his property because whilst it is fine to sell, it is won’t be to rent (eg to comply with rental fire regulations etc). There are masses of extra outgoings when you rent.

@TheSnowyOwl. I must be a miracle worker so as I rent out a property without any addictional cost and I'm fully compliant.

My insurance costs me no extra. My electric check, boiler service/chimney/repair service is the exact same price. I also keep the rental under the taxable amount but understand it may be different in the UK.

Work out his net gain (factoring in his paying of half the bills). Then split the gain. So he pays half that amount to you as "rent" and he benefits from the other half.

Otherwise he's literally making money out of you by living in your accommodation for free. He might say "it's not costing you extra" but the point is that it's allowing him to decrease his living costs (i assume, unless the rent he receives is the same as his mortgage payments).

It doesn’t cost 1k a month for repairs, agency fees etc. I used to rent out a flat as a BTL and probably only made £650 a month after the mortgage was paid. I paid around £100 in agency fees (around 10 percent of the rental price) and most months I had no expenses. If a LL wasn’t going to make a decent profit they wouldn’t bother would they? A lot of landlords try to make out that they’re doing a stressful job. I can assure you all that they’re mostly doing absolutely nothing except for answering the occasional phone call from the agent and waiting for the rental money to arrive in their bank account.

It does not cost £1000 to get new tenants. Depending on your area, you just lose money while the property isn’t occupied. That’s only a week in many areas.

No he didn't. He didn't need landlord's insurance or gas or electrical certification for his own residential property or an EPC . Again this just proves how little people who are not landlords know about what other expenses landlords are liable for.

Yes so you are not in the UK and do not have the same legal obligations to fulfill. You are not complying like for like. The full rent is taxable here if he already has a taxable income. There isn't a non taxable property amount per se for a tenancy.