Paying towards partners house renovations

[WaltzingWaters]

Hoping on some advice. My partner already had a house (all paid, no mortgage) when we got together. I had saved a good amount for a deposit on a place but then moved in with him. The house needs a lot of renovations which will soon be taking place. I will put money towards the renovations. As the house is obviously all in his name I want any contributions to the house that I make to be protected. I’ll be paying part of the builders bills.
What is the best way to legally protect the money I put in to these renovations?

Would it be a deed of trust?

Thank you in advance for any advice!

Talk to your partner and agree it’s a loan and get it handled by a solicitor.

I know you probably think it’s an investment in a property but, unless your partner agrees, and it’s written up, it’s really not.

There are far better investments than property or renovations.

Why don't you keep your money and he remortgage? If you split up how will you realise your contribution?

It’s got messy write. All over it
ether do the money as a loan or don’t bother

You'll not see a penny of that again without getting a solicitor involved.

Don't pay for his renovations!!!!! Buy your own house.

Are you paying rent?

That’s why I wanted to know how to do it all so it’s protected and not to put my money at risk. We’re both happy to go through a solicitor but was hoping to just get some ideas on what to look up before contacting one.

You need to see a lawyer that specialises in property. The property ownership could be changed to tenants in common with your share reflecting the percentage of current market value your investment represents. Ivd seen deed of trust but in relation to ring fencing a deposit in a property both parties own. I don't know if you need to be on the deeds to use one. Either way if you split up unless he agrees to buy you out you'd have to go to court to force a sale which could get messy and expensive. Safer to buy your own place.

I think you need to get valuation before and after the work is done to calculate how much value it added. If it has added 10% to properly value then you should own or be owed 10% of the property - get that in a deed of trust

I would rather buy my own place and rent it out and Get him to fund his with a remortgage

Don't even think of doing this. If he owns it out right, he can get a new mortgage on it or a loan. Always think of the worst case scenario with money.

Best thing is for him to fund the investment via a mortgage. You can make your own investment. But you should be paying rent to live there. It is his asset you are benefiting off with free rent.

If you want to jointly own the property then buy half (or whatever) of the property off him. By means of a mortgage or using your investment pot.