My boyfriend's IVA

Yazmina

My boyfriend has just started an IVA which will run for five years or less. He owes around £13k

I have very good credit, no loans, one credit card on which I currently owe £150 and one BTL property.

I have never lived in my BTL and the (interest only) mortgage is more than I can borrow alone on my salary. If we wanted to take out a joint residential mortgage and move into my property I understand that we would need to go through a broker and will probably only be able to get an expensive mortgage.

My question is what are the potential consequences for me if I link myself financially to my boyfriend who has bad credit?

Thanks.

FoggyBrain_2

HI there. Whilst in the IVA your boyfriend will find it impossible to get a mortgage (and, indeed, will probably not be allowed to under the terms of his IVA).

Linking yourself financially will have a detrimental effect on your credit rating at the moment.

Steel_2

I've replied to you over on the moneysaving in marriages and families board where you posted earlier...

...it might be that the mods can merge the two threads over here to keep all replies together?