Would having IVA effect my new husbands ability to get credit/mortgages etc...?

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mandy639
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by mandy639 » Fri Jan 12, 2018 8:23 am
I am currently going though a divorce, result of which debts now spiraling out of control to pay legal fees, also currently homeless staying with family. I am planning to marry again a foreign national. I am thinking of applying for an IVA as it seems the best solution for me. I am planning to marry again ( yeah know! but love is what love is) would the having IVA effect my new husbands ability to get credit/mortgages etc.
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kallis3
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by kallis3 » Fri Jan 12, 2018 8:44 am
As long as you have no joint finances he should be ok.
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Ryan
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by Ryan » Fri Jan 12, 2018 9:21 am
If you are married many Lenders these days will only lend in both names to married couples so it would reduce the number of Lenders willing to offer a Mortgage.

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Foggy
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by Foggy » Fri Jan 12, 2018 12:43 pm
As Kallis says, you need to keep ALL of your finances seperate -- no joint accounts or utiliy bills at all. And Ryan points out the mortgage pitfalls -- some lenders get around this by having the other spouse sign a statement of no interest ( I am sure there is an official name for it). Basically you sign to say that you expect to have and will not claim any beneficial interest in the property. However, some lenders will simply refuse to look at the application.
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