Can I add a relatives name to my mortgage ? Are there any negative implications ?

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Alexandra.k

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Post by Alexandra.k » Fri May 15, 2015 6:46 am
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I am in the last year of my IVA and wondering if I can have current mortgage under me and my sister's name. Are there any negative implications for my sister regarding credit ?
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Foggy

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Post by Foggy » Fri May 15, 2015 7:56 am
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If you become financially linked your IVA will stain her credit record.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Michael Peoples

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Post by Michael Peoples » Fri May 15, 2015 9:21 am
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You would also need to discuss this with your IP as you could potentially be giving away half the equity in the property.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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