Moving in to partners home and the legal bits help needed

[Kent1982]

Hello

Does anyone have any experience of the following and what steps I need to take to ensure my money is safe

I have just sold my house and the money I'm getting I am to put into my partners house. His plan is that he has a large amount of money in the house already and I have exactly half that amount to put in. He wants me to just give him the money as he has bought a new business and will be putting my money there.

He says this will mean that we in effect will have a equal amount of equity in the house.

Obviously I wont hand over all my money with no evidence that he said that it's going to me having half the equity in the house. as I've worked too hard to risk it.

I have a tiny baby with him and would like to think he wouldn't rip me off but I'm not silly and want total security that my money is safe and secure in the house. And should the house be sold I am entitled to half of the equity.

Should I just go and see a solicitor and get them to draw something up

speak to a solicitor. legalities are complex and you can't guarantee he knows what he is doing even if he has honest intentions. 3 years down the line it could go pear shaped. you need to draw up legal papers as proof in the future. don't just had over the money

Could you not buy somewhere new together?

Buying somewhere new together would be much better. I think if you move into someone else's home there's always the feeling it's theirs more than yours.

Buy somewhere together, each put in the same amount of deposit and he can have the difference (from his own money) to put towards his business.

Are you absolutely sure this is the man for you? If there are any doubts, don't put your money together!

We did sort of buy the house together in that I picked it and it was always the intention for me to live in it its just its taken so long for my property to sell I didn't have the money to put in originally.

It's a bloody lovely house (as I said I picked it). I'm off to solicitors tomorrow to sign my house away so I will ask her. I'm really very very cautious that I want everything watertight. It's not that I don't trust him but you never know what people are capable of till it's too late.

Thanks for the advice