Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Legal matters

Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.

My partner buying into my property

33 replies

starlight431 · 02/10/2024 20:25

I called a solicitor today and spoke to an admin lady who said they would email me but I never got the email.
My partner is selling his home and wanting to buy into mine at a percentage he can afford. Ie it won't be 59/50. We want this to be legally drawn up. Would this be a tenants in common or a trust order? Any help and advice welcome x

OP posts:
Normallynumb · 03/10/2024 14:21

Don't do this
Protect your asset at all costs
It's convenient for him, but you have more to lose

TizerorFizz · 03/10/2024 14:27

Most women lose out by not being married. Who has the most money? You or him? If not getting married keep all monies separate. How much of your house are you giving in return for him paying the mortgage? How many years to run? How will his contribution be recognised if you split?

InSpainTheRain · 03/10/2024 14:42

You can always call another solicitor. But this is a REALLY bad idea!

Acornsoup · 03/10/2024 17:26

You haven't said if you have DC. If you do you will be giving their inheritance to this man.

Bestyearever2024 · 03/10/2024 17:32

No.

Don't do it

workplaceshenanigans · 03/10/2024 17:36

starlight431 · 03/10/2024 00:03

So many questions and I get it. So he would in theory be paying off my mortgage. We would be £1500 per month better off. I would never rent not now after a nasty experience. Yes my property would increase in value over the years but there is a ceiling price. I would have a very good amount of savings and it would be written in that I would buy him out on the first instance. Which I could comfortably do. We've faced some scary medical situations over the years and this is a much better ideal than getting married, which would totally fuck myself over if we said and got divorced.
I do get all the questions.

Well for goodness sake, both of you need to make a will, and get LPOA sorted at the same time. And a watertight legal document about who owns which bit of the house should you ever split up.

Acornsoup · 03/10/2024 17:43

Suggestion - hang on to your property and rent it out. Rent somewhere together for a year and see where this goes. He can do what he likes with his own house.

How long have you been together? What's the urgency? Why will you not marry? Why does he need to release his equity? Has he got debts? There are too many why's

TizerorFizz · 04/10/2024 09:09

Do not rent it out! Under Labours proposals, you might never get it back! Occadional landlords are being pushed out. Don’t do it. Draw up a legal agreement about the money and think about what your future is with him, two separate homes, marriage or what?

New posts on this thread. Refresh page
Swipe left for the next trending thread