Sole mortgage but with partner's salary considered??

Sparkle78

I know how you feel about some of the replies you receive but they do actually help by bursting your bubble the harsh way, I've had mine burst quite a lot on here... head in the clouds etc!

You are best to continue to rent. I own my house and due to a messy divorce, I am in sh*t loads of debt etc but have a house. Trouble is I literally live off £50 a month for food and spends and it is hard hard hard. If anything happens with the rental house, you are covered by your landlord, owning a house means you are solely responsible and it's hard!

Best advice I could ever give anyone is make sure you yourself are covered if it all went wrong (god forbid) because at the end of the day, you could end up being left on your own and have to struggle. Always have a back-up plan!

Morgages are a !!!!!!!

Good luck x

SuSu1871

My partner isn't in arrears with the CSA - in fact he contacted them to set up payments!! (I'm sure alarms went off when he called them - "we've got a dad!!!")

We already live together and know that CSA payments do not take my income into account. We've also been advised by CCS that any IPA bankruptcy payments will not take my salary into account either.

The IPA payment is a % of his disposable income, and they ensure he has enough for rent, bills, food, CSA, etc. before they take between 70-100% of whatever he has left.

All my income is still my own. We pay 50:50 on all household bills and I save a minimum of £500 a month. That's why I'm sure we'd be able to cover a mortgage that would be more than the rent, plus any emergencies that come up.

I certainly wouldn't rush into anything without looking at worst case scenarios (i.e. massive hike in interest rates), but I just wanted to know if it was do-able. Seems it isn't, so we'll go back to saving for a few more years. That's not a problem - I cleared a massive amount of debt in a few years, so am sure I can save a massive amount in the same time too!

Thanks everyone, by the way. Keeps my feet on the ground

SuSu1871

dimbo61 wrote: »

Hi SuSu the only reason I ask is CSA and the fact that going bankrupt does not clear any arrers with the CSA.
If you got married in the future then whats yours is his and thats the way the CSA look at it for getting Liability orders against your property!!!
Please check out the CSA board.
Once you live together then they also take into account your income and any CTC.WTC you might get so think carefully .

His payments won't change once we're married - we checked!

What's CTC/WTC??

dimbo61

Child tax credit and working tax credit
I have to live with the CSA 1 system which is very complex and good luck in saving for the deposit.
house prices seem to be falling at the moment so sit tight.
They reassesed me once I moved in with my OH