Mums partner 6 yrs want's her to lend him all her life saving for a loan to buy larger house she won't be on deed for.

[Moniworries]

I'm worried even though on paper it's a short term loan to enable him to buy a house now until the current one is sold.

She's worried but she also trusts him.
They have been together for 6 years and to be fair he's a nice guy, he's got two adult DC and mum has two as well. They share one DC my brother

She lives in his house now but it's quite small he wants to buy a slightly larger house for family to visit and he will be a grandfather soon

They live quite rurally so harder for family to visit.

I'm concerned because he won't marry her he said it's too complicated with his adult children and also work shares and a family trust,he won't put her on the deeds.
He's never shared a Will even but has said brother will be looked after .

Mums put up with this because she's still got her divorce money ring fenced in case of problems which is about 250. That's her fail safe and she's been comfortable with her situation living in a nicer house than she could afford with that money for her should something happen

Technically he would be borrowing this money only on a short loan but she's worried as am I,what if something random happens to him in that time?

How could she get it back and what if it gets lost in complicated trusts?

If she consult a solicitor (as suggested already), she should see if the loan can be registered as a charge against the property to protect her investment.

We all agree she mustn't do this. I'll see all your red flags and concerns and raise them to this man has sinister, criminal thinking.
Genuinely think she needs to get rid of him now and stop all contact. Ensure her finances are safe but also her general health. She must already be feeling confused by all this, that's a slippery slope. I may be being a tad dramatic but it sounds like a script from a true crime doc.
Do some digging on him OP.

My heart is racing reading this, it's giving really bad vibes to me.

She would be daft to do this.
Hes protecting his childrens inheritance very carefully isnt he, but noones worried about yours!
I think your mum needs to tell him that unless they get married or she is put on the deeds, then it would be a financially stupid move.

Goodness, no. There will be other houses.

Absolutely not.
if one of my children did this, I would be frogmarching them to a solicitors to discuss all of the implications behind it.
And persuading them not to do it.
It could be the best £350 plus VAT you’ve ever spent

This has all the calling cards of a scam though, doesn't it?

1. Sense of urgency
2. "Trust me"
3. "Can't do this any other way"
4. "You'll get the money back straight away"

End result is your Mum has a DP with two houses bought and paid for in his name, not married, not in the Will and she has her life savings drained.

If this was £20k I'd say it's a fairly cheap way to find out who a person really is.

But £250k? Jesus fucking christ I don't think I'd even give my own mother that amount.

Actually they don’t need to get married at all and given the number of previously held assets and adult children I would advise against it

But there are many legal ways to ensure that both of their assets are secured for them to keep inheritance wise for their respective children, both be on the deeds and keep what they want separately.

they just need proper legal advice I would recommend separate first to ascertain what they want and then come together to work out what the best option is (because there are a few)

As I said will they listen to that advice

If he was trustworthy he would be telling your mum to see her own lawyer to get advice on how she could do this while protecting herself and offering to pay interest plus get legal costs

The fact that he hasn’t done this tells me everything I need to know. She will never see that money again if she does this

I’m not sure, actually even that Solicitor would allow this thinking about it. They have to account for every penny that goes towards a house transaction these days.

"What's yours is mine and what's mine is my own"

I don't think it's inherently an unreasonable idea but she needs to get legal advice and have a proper agreement drawn up to protect herself.

Looking further forward, what's her plan if he dies before her? Where's she going to live?

I hope you have a nice spare room ready for her. The poor woman.

NOOOOOO, Won't marry her, won't put her on deeds fuck that she must be daft, get out and get her own house, if she still wants a relationship then on that basis be it.

You’re right - without her writing a letter to declare it “a gift” he wouldn’t be able to use her funds to buy a house

Why don't they buy the house between them and have both names on the deeds? They are together 6 yrs have a child together but to me it seems like he is more interested in protecting "his money" for his adult children not making sure the woman he loves and mother to his child is looked after but he wants her money.
Not a chance. If he wants her money she gets his name on the deeds.

Sorry if I missed this but why wouldn’t she be on the deeds? They can each register their share as tenants in common so no issue with her getting anything that is his

That was my first thought also, IF she decides to go ahead and lend him the money.

Paying for good legal advice is worth every single penny if she is thinking she just might loan him the money. Make sure she does that before she does anything.

And if he died, there’s no proof, nothing to say it’s your Mums money. No!

No no no no no - just no.
He should get a mortgage like eveyone else. What's stopping him just walking away no matter how 'nice' he is now?. He's protecting his finances, and so should she. He wants everything his way doesn't he?

he may not intend any issues to happen but life throws up all sorts of random stuff

Yes, @Moniworries, and yet while he (quite rightly) wants to protect his own kids, for some reason he doesn't seem quite to so keen to do that for your mum

Why is that, do you think, and as so many have said what's wrong with him using a bridging loan instead?

No for many reasons. He shouldn’t be asking.
If he drops down dead before he repays it she’s not only lost her savings but her home too.

Its called a bringing loan
He needs to get one or sell, rent and complete.

Or they need to marry.

If he dropped dead or got hit by a bus and killed in the middle of this she would be penniless.

She'd be absolutely insane to go ahead with it

Another thing to consider. Wills are worth nothing for financial security, because they can be changed very quickly. She may well trust him completely but he could be hit by a bus the next week, and then she's screwed.

No no no!!!
He won’t marry her because of “share dividends “ /complicated finances. etc. He says she’s not in his will.
So he won’t share his money but wants all of hers???