Hi there,
I have started IVA 3 years ago and I have 2 more years to go. When my IVA finishes we are going to move to a new place either buy or rent, my husband hasn’t got IVA and he’s got a good credit.
The question is can I get my salary to be paid to his account after IVA so the mortgage lender or the land lord if we rent do the credit check only on his account. My salary is more than my husband so it’s good to include mine if we rent or mortgage? I’m really stressing about this as my IVA is something I kept to myself.
I don't see any problem with you having your salary paid into your husbands account, as long as your IVA payment is made it should be ok and you can explain to your IP the reasons behind your doing it at your review.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If, as you say, this is done after the IVA has concluded it will be of no interest to your, then, former IP. However, your reasons for doing this will not wash as credit checks will be run on each tenant / purchaser as individuals, regardless of where the money comes from or goes, and your IVA will be flagged until your credit files clear down, 6 years from the start date.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I would wait till the 6th anniversary before looking to move. Use the time between end of iva and anniversary to gather a deposit together that you can then use.
Having your salary paid into your husband's account won't bear any benefits as foggy has explained.
I would definitely seek the support of a expert in mortgages for those with past credit issues. Even though your husband may not have credit issues, you may continue to find hurdles after your iva concludes.
I would recommend Ryan from the Mortgage Expert / Zebra Money who is an expert of this page who has helped hundreds of forum members over the years. There is also Shaun who has supported many too.
We are incredibly grateful that you took the time to leave us your query. Prior to giving you the relevant advise, we would require more information regarding case. For more assistance, contact us with your IVA reference, post code or full name and we'll take it from there. Please note that we are always here to help!
Many thanks,
The Debt Movement Team.
Moderator edit: Link removed from post. Please do not share personal information unless your IVA is being conducted by Debt Movement
Hi, Sarah, please do not send personal details unless you are, in fact, a client of Debt Movement UK as I have noted that you have not said that you are anywhere in your post.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
