Mortgage after an IVA?, but partner has good credit

Cody

Dear Forum;

This post relates to mortgages after an IVA and also general mortgage advice. I will have posted something similar also in the IVA section, but thougt I would also post (for the first time) in the mortgage section.

......

I had a lump sum IVA agreed and completed this year, a 12K lum sum for a total of ~£75k debt. It started in April and was completed / signed off in August. So my credit rating is Junk I am afraid.

I earn £33,000, my parnter (who was not in my IVA / does not have debt / has good credit rating / is very annoyed with me) earns ~ £29,000.

We have two young sons, we are late thirties / early forties and we would like to own a home.

So, a lot of questions.

1) Has anyone reading this had an IVA completed and then managed to secure a mortgage? If so, what hoops did you need to jump through, was the mortgage a very expensive one, what size deposit was required?

2) Would it be simpler for my partner to get a mortgage on her salary alone (rather than as a joint mortgage)?, would I be considered in any way towards the mortage repayments, even if just as an income on her monthly budget sheet?

A possible spanner to 2) is that my partner wants to quit her job and move back to northern ireland to be close to family (I would carry on working). So, question...

...3) Are there clauses in mortgages that you can not resign from your job after recieving a mortgage? I ask this in scenario that she gets a mortgage, then resigns, and i then am the breadwinner to pay the mortgage.

my final question 4) What organisation / type of company can advise us on all of these things, including possible benefits / tax credits / mortgages and so on. Is there such an organisation or individual?


Many thanks in advance

Cody