I know that it will be unlikely for me to get another mortgage for a long time after my IVA completes. Could my husband remortgage in his name only to another lender? I am just wondering if he will be penalised as I have been in an IVA. When I applied for the IVA I was told his credit history wouldn't be affected but now after reading up can see if we share bank accounts (which we do) and a joint account this may hinder his score. Just trying to plan ahead. If anyone has been through similar please let me know.
With joint finances there could be an effect on your husband's credit score as you will be on his file as an associate. It is up to individual lenders as to how they treat that nugget of information.
I see that you mention joint bank accounts and a "shared account" -- what account is this ? If it is a joint debt your husband will need to be paying this off himself.
You mention that you are looking for the future and doubt that you would be able to get a mortgage for 'a long time' after the IVA - this may be the case for some Lenders however, we have access to High Street Lenders who will look to lend normally 6 years after the IVA began.
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