Borrowing against existing property advice

Glitterbin

I am looking for some advice. I'm married to someone who is no stranger to forging my signature to pursue personal ambitions without my knowledge. How easy would it be to raise debt against a property which is almost paid for, without the joint owner knowing? What would my liability be for this debt if it has been incurred without my knowledge? Is anyone aware of precautions I can take to prevent such a scenario if it is not already a reality?

Thrugelmir

Does this individual have "other" financial issues?

Simon_gloster

You can put a notice on your credit file and a password, so when someone applies for joint credit fradulantly, that lender will have to contact you, you give the password and say ok to proceed.

It seems as lenders want to be more paperless, faking applications can easily be done.

Someone from experian posts on here, maybe they could help.

Maybe start a new thread with experian in it as I think this is quite a bad situation and you need top help.

Glitterbin

This individual has own assets and finances which have never been part of the marital relationship, by unspoken agreement.

Glitterbin

Thanks Simon, so it would be necessary for me to sign up with credit expert or experian, and then I can indicate a desire to be notified of these types of activities?

Thrugelmir

Glitterbin wrote: »

This individual has own assets and finances which have never been part of the marital relationship, by unspoken agreement.

Unspoken agreements have no place in law.

My question was directed at the fact, that financial difficulties would make the avenue of remortgaging more difficult.

Glitterbin

my partner has a good understanding of the financial world and always appears to have plenty of cash. It would be impossible for me to ascertain whether there were underlying financial difficulties and I'm sure there is enough skill to disguise any financial difficulties

Thrugelmir

From the property perspective you can monitor charges registered by checking Land Registry every so often. As any monies advanced will be secured.

In answer to your original post, you may have to prove it was fraud.

Simon_gloster

You right, if someone is determined enough they'll move heaven and hell to get to tjeir goal.

Subscribinh may be an option to experian, there is a very helpful experian rep on here who would advise you.

In essence what happens is.....an apllication would get credit scored, possibly pass, and when the result is given to you it will need refering to a fraud team.

The application cannot go any further until you are contacted and you provide the correct password and give the red or green light to proceed. As usual pick a weird password with letter, numbers and puncuation marks.

It is there to combat fraud and protect you.

Check out experians web pages i'm sure you'll find something.

Good luck.

HappyMJ

If your partner is forging your signature then you should be calling the police on them....but you won't so you become liable for the debt.

Simon_gloster

HappyMJ wrote: »

If your partner is forging your signature then you should be calling the police on them....but you won't so you become liable for the debt.

Thats if it can be proven.....quickly as well.

Putting some form of notice on your credit file resolves this at first touch if you suspect this.