More than 5.9 million people in the UK are choosing to live together without marrying making cohabiting families the fastest growing type of household. More than half of cohabitees still believe they are protected under “common law marriage”. However, this is a myth and few are aware that they have little or no legal protection if their relationship ends.
There is still a misconception that couples who share their home and finances have certain rights, whether they are married or not. This assumption is unfortunately resulting in some people being left homeless and facing financial hardship if their relationship breaks down.
With so many couples now relying on the Bank of Mum and Dad when they set up home together, divorce throws up a whole new set of problems for parents who want to safeguard the investment they made in the early stages of the relationship.
More and more unmarried couples are buying a home together before marriage, or without any plans to marry, but few are aware of the steps they should be taking to protect themselves if the relationship fails.