Sorry but in my experience I have to disagree. All N Rock will do is reject your VA and put a charge on the property so you've got no equity left anyway. Your husband's credit history isn't affected by the VA. What he's doing is losing his equity share in the short term to help clear debts which the...

Hi Fudge 34, what you have to realise is that your creditors will not view the debt as yours alone. Especially if you are married they will assume the debt is joint as the debts will usually have been accrued on things like cars, holidays etc etc. For that reason they won't view the IVA as just your...

Hi Fudge 34, in my experience N Rock will many times still put a charge on your property even if you have £0 or little equity. I have clients with the N Rock 'Together' mortgage (up to 95% secured and the rest unsecured - up to maximum 125% loan to value)or with standard mortgages and personal loans...

Hi, if you have a property and Northern Rock reject, they may end up putting a charge on your house for the outstanding debt. If so, there's nothing to stop the IVA being re-submitted without Northern rock and therefore have a better chance of success. Part of the Rock's view is that if an IVA is re...