Will our being married adversely affect my credit rating/remortgaging options even if our finances are separate?
Will her IP have any claim on my money or the equity of my house when we are married?
When her IVA is completed, we would like to move to a joint mortgage - if she took steps to rebuild her credit rating how soon would this be advisable so as not to have an adverse impact on remortgaging?
I love her to death and we're getting married whatever, we just want to know where we stand financially! Thanks very much for your help!
You should ensure that the property remains in your sole name until the IVA is over and any money your partner/wife pays is effectively rent and bills. This should leave the property completely out of the equation and she will acquire no beneficial interest in it.
Your wife,s credit file will be cleared up six years after she enteres the IVA so putting the property into joint names would be an unnecessary expense until then. So by 2012 everything should be fine and best of luck for your future together.
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