Hi, I am asking this on behalf of my son who is 25 years old, has bought his own house with a mortgage. My son purchased a house in 2014, he took a mortgage out in his own name and we also took a mortgage out for his deposit for the loan. He is paying us back each fortnight along with his own mortgage. Previously he has rented out a room and the tenant then paid rent into our loan for the house. Now my son is thinking that if he has a girlfriend move in that he would like to protect himself against having the house taken from him in the future if the relationship broke down. I have had different opinions offered, one being if the title of the house is in his name as is the mortgage that is protection enough for him. He would also like the protection that if anything happens and the asset is sold then the loan to us is paid out from the proceeds of the sale and the partner can't claim any of this. The other scenario we have been told is if he charges the partner rent then legally this is like just having a tenant and there is no claim on the house can anyone lead me in the right direction or offer any insight into these questions.
Thanks
Thanks