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Posted: Fri Aug 08, 2008 9:29 am
by kelly.a
Ive been in an IVA since October 2006, I was living at home and still am. I have a fiance and we wish to get married and get a place together before my IVA is complete. Could anyone please tell me if moving in with him, getting a mortgage or even getting married will implicate him in anyway. We are very worried by this.
Posted: Fri Aug 08, 2008 10:46 am
by Julie
Hi Kelly,
Speak to your IP as I think you'll have to do a new I&E form. Will the new house be in joint names or will you be classed as a tenant?His contributions to the household will be taken into account just to work out a fair percentage for your outgoings.
Hope everything works out for you x
Posted: Fri Aug 08, 2008 10:48 am
by kallis3
Hi Kelly and welcome to the forum.
Getting married is not a problem with your IVA, although you may have to curb the expenses for your big day! If you are living together, your fiancee can disassociate himself from your debts so that they don't affect him.
As for the mortgage, that might be a bit more of a problem as you will probably find that you would have to pay a higher interest rate. Of course it may prove a problem anyway with the economic climate being the way it is at the moment.
You can rent though, so perhaps that would be an idea for the immediate future?
Posted: Fri Aug 08, 2008 11:52 am
by tori
hi kelly & welcome from me too.i had a similar query regarding being able to have a house in joint names with my partner,as i have an iva & he doesn't. & as it was pointed out,if you did manage to get a mortgage together & your iva were to fail & you were made bankrupt it would affect your partner (or should i say husband to be ! ) x [:)]
Posted: Fri Aug 08, 2008 1:33 pm
by plasticdaft
Congratz on deciding to get married. Hope it all goes well for you.
Talk to Ip about best way forward. You may need a fairly large deposit for buying right now,and the IP would want to know where its coming from.
Posted: Fri Aug 08, 2008 6:34 pm
by MelanieGiles
The only way this may affect your fiance, is that he will be required to pay a proportion of the shared household bills in direct ratio to his share of the household income. These figures will be used to assess your disposable income at the time of your annual review.
Posted: Fri Aug 08, 2008 7:35 pm
by tori
apologies kelly,i appear to have got confused on this one.it doesn't take much!!! good luck with the house & wedding.x [:D] [:D]
Posted: Wed Sep 03, 2008 11:48 am
by kelly.a
Hi and a very big thankyou to everyone that replied. Unfortunately I am no longer with my partner. Due to certain reasons not just this one, we are how ever are staying friends. So thanx again for all your advice and support.
Posted: Wed Sep 03, 2008 12:57 pm
by plasticdaft
kelly.a wrote:
Hi and a very big thankyou to everyone that replied. Unfortunately I am no longer with my partner. Due to certain reasons not just this one, we are how ever are staying friends. So thanx again for all your advice and support.
Ack thats too bad,plenty more fish in the sea though.
Good luck.