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Samsies.
Although obviously not the same and not getting married anytime soon! ;P
But I obviously get the points others have made @andyp et al. I just figure I'm 27 and I trust the doris and me to be able to work it out.
Anyway. Found a fucking mouse in the bathroom last night. Bedbugs and mice ffs :'(
Tenderloin
rodabod
@rogan
If I may speak from mine and my other half's experience.
Prior to me buying into the flat, she owned it with a friend. They put down inequal deposits (12k vs 9k - it was 2009!) and owned the flat as tenants-in-common and had a deed of trust drawn up. As they were paying 50/50 on the mortgage and the maintenance of the falt, the deed said that if/when they sold they would first receive their initial deposit amount back, then any increase in value (profit) would be shared equally.
So when I bought in, due to the intricacies of mortgages, essentially my other half and her friend sold the flat to me and my other half. Their profit from the sale was fairly hefty, so the friend received just over 100k and my other half received just under 100k (in-equal deposits returned). I put in 0 (I know, I know), and we intended on having a deed of trust drawn up so that if something bad happened to the relationship then she would receive her just under 100k back first then split the profit 50/50. However because we went with the mortgage provided conveyancer, getting a deed of trust drawn up proved to be a little difficult, and in the end we didn't get it done. Our thinking was, she had the more to lose (much more) and she trusts me that if we were ever to break up, I wouldn't me a massive cunt about it. We were already pretty set that we were going to get married even though we were not yet engaged, so that made it easier, and I know there's no way even if the relationship goes sour that I could fuck her over, no amount of money is worth fucking someone over, that's just they type of person I am, and she knows that about me.
In your particular example, if you're needed to get the mortgage, but no deposit is required then the renting setup obviously isn't going to work.
I would recommend that as suggested by others, you get a deed of trust drawn up that says if the worst happens, she receives her deposit back, but here's the clincher: You need to decide how much you're paying each, not just mortgage, but upkeep too. Open a joint account, and pay in your standing order every month. The mortgage gets paid from the joint account, and you use the surplus for house expenditure, if you're not paying in equal amounts I'd say don't use the joint account for things like grocery shopping, meals out, and drinks because then you're paying more for nearly all aspects of life, rather than just the house. Using the amounts you're paying in, you work out what % of the profit you will each receive if/when you sell. I think if that's really that unsatisfactory to either her or the parents, maybe they want to consider guarantors instead of getting you involved.