Hi, I am currently in IVA and owning a propert on my name. Now can I add my wife as joint holder on my property and on the mortgage? Will it affect my IVA? In what ways it will affect my IVA?
Wouldn't recommend it - your wife will then have her credit record impaired as you will have joint financial dealings. Much better to wait until the IVA is over.
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
Thanks for all. Why I asked is I am struggling to pay the mortgage and now we are almost separated and as we have children she is trying to get property adjustment order. So I left the house and living somewhere and my wife is living there with children. Any advice please?
Your joint financial association would make it difficult for her.
You can try an rent somewhere.
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
Once the finances have "settled" it might be worthwhile doing another I&E with your provider to see if your payments can be adjusted, if your outgoings have increased.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014