Hi guys not been on for a while , so hope all are well. nice to see some completions amonst you.
i have a mortgage with HSBC, my husband disappeared 2 years ago and I have been managing the mortgage alone since then and have been in IVA fo 18 months.
At the final stage of divorce but I have to release him from the mortgage, by reapplying for a mortgage in my sole "iva blotted" name.
What are my chances ? If I can't get the mortgage, may the bank insist I sell up when they re aware of my IVA ?(the mortgage has not been affected by the IVA)
wish me luck
IVA approved 18th Sept 2010!!
"There is nothing that is a more certain sign of insanity, than to do the same thing over and over and expect the results to differ" Einstein
Sorry you have had a difficult time of it. Advice is required from a mortgage broker - your circumstances are difficult and specialist advice is required to make sure you take the correct action.
We do have a mortgage broker now on the forum - if look at the Experts page which shows all the contact details and search for Ryan - his details are there and he will be able to offer some advice and may even be able to help you. He has helped a number of us on the forum and successful mortgage applications have been achieved by him.
Good luck !
Last edited by luluj on Tue Feb 07, 2012 8:49 pm, edited 1 time in total.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
You might have problems releasing your husband from the mortgage and I can't see you being able to take on a mortgage in your sole name.
You could speak to Ryan via the 'Ask a Question' link and see what advice he gives.
Let us know how you get on.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
the irony is thus, I can afford the mortgage on my own, even on the iVA. I think bank criteria however will not permit in my sole name.
I seriously need to get my divorce finalised though because at the moment, he has agreed that he will come out of the mortgage without taking an equity share and I dont want him coming back and making demands against the property in the future.
Will have a chat with Ryan , see what he says and come back to you all x
IVA approved 18th Sept 2010!!
"There is nothing that is a more certain sign of insanity, than to do the same thing over and over and expect the results to differ" Einstein
