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Original poster

On benefits - want to buy house

67 replies

keyboardwork · 26/04/2017 12:00

My boyf has asked me to move in with him

I claim housing benefit and working tax credits currently

He has asked if I wanna come in with him and buy a house with him

IF I do the house he is potentially looking at won't be livable for a little while, for what we can afford
So it will need work done but as he's in the trade it shouldn't take too long

Does anyone know or anyone from can advice me if I can do this ? As I won't be living with him straight away so I will be claiming at my flat until the house is ready to move in
But the plan is I will live there with him just not initially as it will need gutting
He won't even be there as he still lives at home

I don't want to do anything wrong but from what I've tried to goggle it says dwp use credit ref agency checks
Can't find any info on this at all

Thanks peeps

OP posts:
Bringmesunshite · 26/04/2017 13:40

If he pays the deposit and the mortgage, you are not buying the house.

Original poster
keyboardwork · 26/04/2017 13:57

That's a very good point! It's definitely more clear now for me
Well I've told him and he's fine
He said he will buy and I can move in whenever I like and whenever I am ready
He said I can be a part of it as one day it will be out home xx

OP posts:
Bringmesunshite · 26/04/2017 14:04

Sorry to be a miserable old cow on this (very pleased you are enjoying your relationship), please remember that not having your name on the mortgage is a double edged sword. Yes, you are not liable for the payments but, if it goes wrong, he can turf you out and you will have no claim on the asset, even if you have paid for renovations or furniture.
Please have a plan for what to do and where to go if the relationship fails.

Soon2bC · 26/04/2017 14:06

Could he not buy the house in his name, then when it is ready you move in and then in 2 years or so when his rate is up for renewal get your name added?

My DW and I have done this and moved into a house bought in her name. Like you I decided I was in rented and can get chucked out with 2 month notice at any time so risk was worth taking.

She wanted me on the mortgage but i was concerned that my outstanding loans would have negative effect on the mortgage so chose not to. We have been there a year and are on a 2 year fixed, when its up she will remortgage and we will go in with joint names on the mortgage.

the solicitor we had registered my name as having interest in the property, but the mortgage company takes precedence so not sure what difference that would ever make.

we also made wills before we moved making sure if anything happened the house becomes mine and my life insurance becomes hers so we look after each other and have protected ourselves.

blackdungarees · 26/04/2017 14:32

Bringmesunshite If OP gets married though she could still have a claim on the house if the relationship ends, even without being on the mortgage or deeds as it will be the marital home. It doesn't matter if she has paid towards it or not, and she would not be liable for payments if he defaults as she wouldn't be on the deeds.

Original poster
keyboardwork · 26/04/2017 14:43

Bring me yes i know what you mean but weighing it all up I have to do what's least risky and protect me and lo

Soon to be yes that's the best option isn't it

It's giving me a headache thinking about it all !
The what ifs etc

But I need to do the right thing

Things is yes I have a lovely flat but it's not mine I'm in rented
I have no savings no house that's mine

What my boyf is offering me is to move in his house when he buys it and we can hopefully build a future together

Yes I will be very careful but atm I will be contributing very little

OP posts:
Bringmesunshite · 26/04/2017 15:56

Black, absolutely right about the asset protection from marriage but that's not a reason to get married, of course. Whatever suits op and her lo best.

Original poster
keyboardwork · 26/04/2017 16:37

Yes of course I just meant we have talked about marriage

I guess my concerns are the bit in between

I guess he can get some sort of life insurance policy which I'm assuming he will have to get buying a house anyway? Or best to ? To have some protection should anything happen otherwise I would be homeless

I'm not interested in the money value say if we did split as the deposit is his and he's paying the mortgage
I just want some form of security and if we do end up together then obviously want to protect me and my lo

OP posts:
AndNowItIsSeven · 26/04/2017 18:46

For your security you can go on the mortgage once you actually move in, then you can claim HB in the meantime.

Original poster
keyboardwork · 26/04/2017 19:21

I already claim, I was asking if I could actually buy the house with him but with the research I've done so far it's not the best option really.

Then once moved on and over time I can then look at doing that

X

OP posts:
user1493022461 · 26/04/2017 19:24

That isn't remotely how it works. You can't be on the house deeds or on the mortgage if you aren't paying the deposit and you aren't paying the mortgage.
no bank will allow a party to have an assigned interest without contribution or income. Your scheme is not possible.

Original poster
keyboardwork · 26/04/2017 19:25

Still it's a scary thought leaving my flat and it does mean changing areas Hmmso that's another matter....

So change of job and school!

But it's been a while now, lo loves him, he's lovely, los dad is even aware as we've even had a chat about it and said he will make it work. He can't rally move to my area due to his work as he is self employed and also has a business in that town too so although I have the job and school, my family are also from that same area so it would be moving back for me.

Still I love my flat and tbh i am a little scared - not because I don't love him and not want a future with him but it's a lot to change isn't it

X

OP posts:
Leatherboundanddown · 26/04/2017 21:33

But it isn't immediate. It is going to take him a minimum of 3 months to buy a house even if he found one tomorrow. Probably longer as mortgages can take ages to sort when you are self employed.

Then a further couple of months for him to do the work while he is still working full time. So realistically you won't be moving in 2017. Possibly early next year? So you have time to talk it through and make a plan about how it all works.

Original poster
keyboardwork · 26/04/2017 21:41

Ha yes 100%!

We've spoken tonight and he said the exact same thing! He said it may even take over 6months so he said not to worry

I think I may have over thinked it
He's been understanding and even said he gets why ive worried and has told me not to!

What will be with be I guess x

OP posts:
Original poster
keyboardwork · 26/04/2017 21:43

Do you think it's too soon to talk about how we would do it? The logistics of it all or shall I just relax and thinks and talk about it when the time comes ?

OP posts:
Leatherboundanddown · 26/04/2017 21:57

I think you should absolutely talk about all those things now. How you both see the future working/future children? His role in your dc life, attitudes to money/savings. All of it. You stand to lose more here than him so be prepared.

Original poster
keyboardwork · 26/04/2017 21:59

Yeah that's what I thought
We have spoken but as he's only just asked me to live with him feel we should xx

OP posts:
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