For asking to be put on the mortgage?

[Isthismykarma]

Posting for friend.

Friend has been with her DP for 2 years, she moved into his place 1 year ago. Not married, no children. Before that friend lived at home with parents.

Her DP has a shared ownership owning 70% of the property and 30% owned by a housing association that rent is paid to. Her DP pays the mortgage and they split the rent and bills. Because of this friend has managed to save a chunk of money.

Her DP eventually wants to buy more shares of the property but has never mentioned my friend being a part of this. He saves a little every month but realistically wouldn’t be able to mortgage the whole property even if he did get enough of a deposit to (need 5% of the remaining value).

Friend was wondering if it’s cheeky to ask him if she could be put on his mortgage then she would happily put down the money for the deposit and they can jointly own the whole property - no more paying rent. They could speak to somebody who can help them ring fence her DPs current equity and her deposit and then pay the remaining mortgage 50/50.

YABU - this should be led by her DP and she will see grabby
YANBU - it makes sense

1st replied nailed it

Thank you :)

We’ve just been chatting it out this afternoon I’ve been reading the responses and just talking amongst ourselves about all the options etc

Not unless marriage is on the cards. Then explore the possibility with proper legal advice.

Yeah why?

I think so too!

He shouldn't even consider it until they are married. Why should he take the risk?

That's a major CF move - major red flag. Did this friend contribute to partners deposit for the property? If not, hands off.

Gosh didn't realise you had to be married and have kids to be able to buy a property. Silly me living in 2025 instead of 1925.

I did this with my partner except it wasn't a shared ownership property. I had the mortgage on the house, we turned it into a new 50/50 deal (selling a property to yourself is more annoying than buying from someone else but it was fine).

We're still together 10 years later, still unmarried, we don't want kids or to get married. Mortgage has 2 years left on it if we keep overpaying. The end.

No and wouldn’t have expected any share of equity built so far, would have expected that to be ring fenced to protect her partners contribution so far and then the remainder debt split 50/50.

I also bought a house unmarried and childless! Mind you, it didn’t turn out great in the end as he’s now my ex, but certainly had nothing to do with being unmarried!

They could do a deed of trust to protect him. But all she will have is 15% of a flat. She'd be better off getting her own property if possible. Is she buys with him she'll lose her first time buyer perks and won't be able to use them again.

You're a mortgage advisor?!

Surely then you would know there's feck all in it for him. It's a complication he doesn't need.

She's already gaining a lot by all she is saving in rent.

She’s really doing well out of this
low rent so she can save a lot, and if she uses that to buy a share of the house she’ll have an asset. She’s not proposing sharing her savings.

what’s a female cocklodger?

Why do you think she’s a cocklodger (or whatever the female equivalent is) when she pays half of the rent and bills? What do you think would be a fairer set up?

Risky sharing a mortgage with someone you are not related to.

Not exactly feck all but risks outweigh the rewards for him definitely, after talking it through she’s decided it’s something to not look at at least for now.

Definitely, but inevitable for most people nowadays! It’s very difficult do things on your own without a leg up from family etc

She has a risk too, she could end up struggling getting her share of the money out of the property and have to go to court to force a sale, which can be expensive. It's too early in the relationship for this. Once they're engaged maybe, definitely if they get married. I wouldn't have a child or get married without going on it, but they're not got that extra commitment yet. Meanwhile she can save more and if they decide to get married she'll be able to pay a bigger chunk off and if they split up she'll have her savings to get a rental or maybe even a small mortgage herself.

At the moment she would look grabby