Can my husband remortgage whilst I am in an IVA?

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nina253

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Post by nina253 » Wed Feb 26, 2020 9:33 am
If I have 5 years left on my IVA and currently not named on our house mortgage, if my husband remortgaged to buy a bigger family home as another bedroom is needed as what we have is not big enough, can he remortgage without my IVA having to be paid off? As it’s not fair for him and my children to suffer for my mistake
And sorry I have no working telephone

Foggy

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Post by Foggy » Wed Feb 26, 2020 10:22 am
Has any mention been made of equity release in your proposal ? What does it say about the house , if anything ?
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IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Shaun Vickery

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Post by Shaun Vickery » Thu Feb 27, 2020 11:18 am
Assuming that there's no interest in your Husband's property (hence Foggy's question) it's possible but a little complicated. Technically not all lenders insist that applications by married people are in joint names but many do. Ultimately anyone recommending a mortgage to your Husband would need to take into account his financial circumstances and, to all intents and purposes, it's difficult not to see your finances as inter-related. If you have any joint loans or bank accounts etc. you will be shown as financially linked.

I'm also not sure whether this might affect your IVA in anyway....possibly one of the other experts could comment on this.
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