future standing

[starman]

can anybody provide some advice regarding the matter of building a house on land i do not own, i am looking to jointly build a house on the land my girlfriend has just received from her parents. i would not expect them to just give me the land and for tax purposes it was a straight trasfer directly to their daughter. the house will be built by a joint mortgage between ourselves, but how do i stand in the future should anything unfortunately go wrong?

 

[woods]

Perhaps they could let you have a long term lease. Lots of properties are on long term lease and pay a small ground rent and it does not cause a problem.

 

[davidoco]

In most cases when arranging the mortgage she would do a transfer from her sole name into your joint names.

The reason for the above is

Should she die (before you are married) the property would pass to you. I imagine you'd rather not see your girlfriends family take possesion of your house.

Should you fall out, you have a interest in the property which would have to be bought out by her, either by way of agreement or by direction of the court.

 

[starman]

the reason for the land not being transfered into my name is the amount of stamp duty i would have to pay, receiving a non family gift.if we were married now it would be easier, but that is not the case at the moment.