buying a house in joint names

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charlotte.f

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Post by charlotte.f » Tue Feb 12, 2008 10:26 pm
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If i were to buy a house in joint names with someone who had debt and was considering an IVA would the house have any relevance or be at any risk - i would be the main name on the morgage and putting down the deposit?
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MelanieGiles

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Post by MelanieGiles » Tue Feb 12, 2008 10:28 pm
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Hi charlotte and welcome to the forum

If I were you I would buy it in your own name and only put your partner on the deeds when his/her IVA is concluded. Are you able to raise sufficient finance without relying upon your partner's income?
Regards, Melanie Giles, Insolvency Practitioner
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