Should me and my girlfriend move in together?

Question

We have been together 6 years now. We want to move in together but we feel that it is dead money and with the high house prices here in the UK we will never be able to afford a place of our own. Should we do it anyway or wait maybe 2 or 3 years before we can afford to buy somewhere?

Answer 1

Its totally up to the both of you mike,renting a place IS dead money,you are correct,its a fact--a mortgage though is a millstone around the neck--another fact,so really,you're fecked if you do,you're fecked if you dont,fecked if i know the answer to that one!!Then you have the patter of tiny feet to consider in the future,and everyone knows how costly those little feckers are...very!! Wish you all the best in whatever you decide mike,i know its not easy-decisions,decisions,decisions:-/

Answer 2

I believe that within the next 5 years the house prices will start to fall again due to the debt that so many people in the UK are in, so perhaps you would like to wait and see if this happens.
You could always rent a place together but this may make it difficult for you to save and a mortgage can often be cheaoer.

Answer 3

Yes - give renting somewhere a go. It is dead money to a degree but it is tough moving in with someone, especially if you are both used to being independent. Renting is a good way to test out whether you can live with each other without the huge commitment of a mortgage. You will save on bills, council tax & rent if you split everything & if it's working out then you can save for your deposit for a house at the same time.

Go for it, domestic bliss is great !! Good luck :)

Answer 4

as long as you save for a place together that shows your both committed to the idea. It's probably better to wait, you never know house prices may come down a bit, after all it can't continue to grow and interest rates are only going to rise.

A 10% deposit is said to be the least amount you should have before buying a house.

Hope this helps.

Answer 5

Two can live less expensively than one, plus it improves your general health, as well. Remember, however, two things:

(1) Do not come in for the close up.

(2) Always allow a wide margin of slack so the
other person can come and go freely,
especially emotionally.

Sounds like the two of you would be just fine. You both only stand to benefit if you respect the fact you are individuals, also. The very best of good luck to you, always. - Chris.

Answer 6

in my experience, you never truly know someone until you have lived with them. I think its really important that you and your girlfriend experience that before committing yourselves to thousands of pounds. It only has to be a short term arrangement but at least it gives you both the opportunity to experience being together on your own, and to see how you can both manage your money and household bills. By doing it this way there will be no nasty surprises!

Answer 7

DO NOT BUY A HOUSE
YOU NEVER KNOW A PERSON UNTIL YOU HAVE LIVED WITH THEM...
RENT AN APARTMENT AND SEE HOW IT WORKS
YOU WILL BE SAVING MONEY BY CUTTING YOUR EXPENCES NY TWO DO IT AND IF IT WORKS OUT THEM BUY A HOME
HONESTLY YOU BOTH ARE DOING JUST FINE TAKE THINGS THE WAY THEY ARE GOING DAY BY DAY BUT BUYING A HOME IS A HUGE COMMITMENT THAT YOU BOTH HAVE NOT EXPIRIENCED BEFORE
IT TAKES TIME
GOOD LUCK

Answer 8

It's very hard to say whether you should or shouldn't, maybe you should both sit down together, work out your finances and then decide whether or not you can afford it, either way I wish you both all the very best.

Answer 9

i believe you should wait because you never know 2-3 more years you may be financially stable which will keep down stress.

Answer 10

My phone bill halved when my missus moved in, which would help towards a deposit on a house, should I need one.