Partner moving in

[NotAPushOver]

My BF and I will be moving in together in the next few weeks. We are both financially independent with our own homes.

I am buying our new home. It will be solely in my name with a 'living together agreement' or similar (have a solicitor appointment booked). I can afford this property regardless of additional income from my partner.

He will rent his house out which will cover the mortgage / bills. There is a much longer term intention that this will be sold and he could buy into the property but we are both fully aware that things might not always be rosey and we want to keep a back up temporarily!

We plan to share the bills 50/50 and my partner is expecting to pay rent. Does anyone have advice on what is fair here? Just to clarify, this is not a situation of him not wanting to pay at all! I just want to make sure that we have a fair arrangement and I remain protected for the future.

Hopeful bump!

I would definitely speak to a solicitor about where this may leave you in the future. If he's not on the mortgage but pays half bills and mortgage, if you split up it may be useful to know if he would have a claim on your home. It sounds like you couldn't claim against his. Equally if you died, he may have grounds to claim against your estate. You should probably consider a Will if you haven't got one. You need to clearly consider what you want in the worst case scenario.

What he should pay may depend on the legal advice.

There may be a solicitor on here who can advise you better but please seek legal advice irl and consider all options. Sorry to sound all doom and gloom but, after all, he will have a home of his own to fall back on if things don't work out.

You need to work out how much money he has left very after paying his mortgage, taxes, fees, insurance, money aside for repairs, and no rent paid. If he is a 40% tax payer, he'll like be down to zero, maybe even in the negative.

If he pays rent, he is worse off, you are better off. Ideally, you need to work out all your outgoings and he can then pay what would leave to both with the sane disposable income.

My boyfriend is moving in soon to my flat which I own.

He is going to pay half of all the bills and service charge, along with half the food and general household purchases to keep the house running.

I've said to him he isn't paying half the mortgage. The flats mine and I want him to have no part whatsoever in paying for it! Hands off mate!

Thanks for the replies - @D0lphine that's exactly how I feel!
I have an appointment with my solicitor next week. He feels as though he should pay some sort of rent and shouldn't be there cocklodging. It's so hard to find the balance and do the right thing.

It's really hard to find the balance but I decided I want my asset.

If he pays anything towards the mortgage he might have an equitable right in my flat- no ta, it's all mine