Page 1 of 1
Posted: Mon Nov 17, 2008 5:58 pm
by nikkidg
Although we are married my husband and I have seperate bank accounts. He pays hte mortgage adn the house is solely in his name. IF i take out an IVA will that affect the house?
Posted: Mon Nov 17, 2008 6:02 pm
by Chappie
Hi nikkidg
My husband pays the mortgage, I have been in an IVA since Feb 08, I have to release equity after 4 years with my IVA, so you may have to do that, but you should have no problems keeping your house.
Posted: Mon Nov 17, 2008 6:42 pm
by kallis3
Hi and welcome.
I'm not sure about equity release if your house is only in your husbands name and only you will be doing the IVA. You won't lose your house though, Chappie is right there.
I'll bump this back up so that a technical expert can advise you.
Posted: Mon Nov 17, 2008 6:52 pm
by freelili
Even if the house is in your hubbys name, you are married and may have a beneficial interest in the house, you would not lose it though. I am not a technical expert so better to wait. I think it depends how long you have been there or if it was all his before you went in, so to speak. If you are found to have any BI then a perentage of your share of the equity would he handed over in the final year or another year could be added if a remortgage isnt possible.