My wife is buying a property which I will live in. Nothing is changing for me in terms of how much I pay vs what I pay now for rent. Would I need a tenancy agreement with my wife or is the money going out of my account enough?
It is best that you go down as a lodger with a rent book until your IVA is completed and make sure rent comes out of your account every month. If not then your creditors could say you have an interest in the house at the end of the IVA and try to make you pay more into the IVA
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
Your IP is likely to need to see a tenancy agreement. There could be issues with them attempting to establish that you have an interest in the property ( even with the tenancy ). Will you be living together or are you separated ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
