First post here but reasonably frequent lurker!
This isn’t really a post for advice, more intrigued how people manage finances as a couple.
Partner and I live together. He owns the home (bought before we met) and pays mortgage, his name on deeds.
Whilst he pays mortgage I save the same amount in lifetime ISA for next mortgage (logic being if we didn’t work out, neither of us would lose out and wouldn’t have a stake in each other’s current/future property).
We discussed pros and cos of putting me on mortgage but then I would lose first time buyer status and lose out on 25% bonus.
Both contribute proportionately to bills, holidays, expenses, date night pot etc…
I earn ~50% more than partner and over the course of next 5-10 years will earn 2-3x more than him.
Both of us have savings separate to each other.
We hope to buy new property in ~5 years.
Now we have lived together for almost 2 years we have thought about pooling some of our assets (not all!). But neither of us have the traditional views of (for example) his parents where all money is in one account and shared regardless of who has earned it.
I am curious what others’ views are - and if there are any suggestions or tips from anyone!