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Moving in with the Boyfriend,Joint Mortgage?, One Income?, Bad Debt?, Property Deeds?
studentnurse12
Posts: 20 Forumite
Dear All Money Fans I need some serious advice please!!!
Ok so you firstly know about my circumstances in brief here goes:
1. Have a Credit Rating of FAIR (not poor, or very poor)
2. Have a around £17,000 personal, some of which is paid by agreement every month.
3. Iam 26 years old Student Nurse working part time not guaranteed income as such.
Iam planing on moving in with my partner who will carry his mortgage over to the new property with a deficit of £10,000 to which his family will place a charge on that and help in out.
They are encourgaing my name to be on the mortgage, now rather than later - as my plan would be to not disclose to his family my past problems and stay almost as a guest "with a living agreement or possible common tenancy"?? Then once Iam working ful time in2/3 years to then have knocked some of my debt off and then go on the mortgage?
I was in the belief that you can only be on a mortgage if you earn a wage, but I now feel that you can have your name on a mortgage as the second applicant even if you do not earn a wage, is this true?????? The family believe that even my name on the mortagge my make a difference to the deficit??
I bank with Alliance and Lecister and have a very good account with them and this is the bank to which my partners mortgage is with, so would this go in my favour??
Iam worried that the mortgage if applied in joint names would come back declined due to my personal debt?? This would just be a nightmare!!
My fella knows of my problems and he wants to protect me also, is there a way that I can still be on the property deeds without the joint mortgage?
I really feel in a total muddle, I do not wish my past to come and bite me in the !!!!, it has taken me a long time to get ahpy and sort my life out!! But ofcourse I need to protect myself to a certain degree, as if things go wrong I do not want to be out on the street! But the other way of looking at it I will not be financially contributing much at first and my fella has had a smaller home and mortgage for years and would it be fair on him if i was to be too involved initailly!??
Please please throw as much advice to me as possible, as I have a meeting to go to re this friday evening! I want go get on with my life, my relationship is perfect my past debt is the problem and the protection of myself !!
please email asap. thanks Studnet nurse12.
Ok so you firstly know about my circumstances in brief here goes:
1. Have a Credit Rating of FAIR (not poor, or very poor)
2. Have a around £17,000 personal, some of which is paid by agreement every month.
3. Iam 26 years old Student Nurse working part time not guaranteed income as such.
Iam planing on moving in with my partner who will carry his mortgage over to the new property with a deficit of £10,000 to which his family will place a charge on that and help in out.
They are encourgaing my name to be on the mortgage, now rather than later - as my plan would be to not disclose to his family my past problems and stay almost as a guest "with a living agreement or possible common tenancy"?? Then once Iam working ful time in2/3 years to then have knocked some of my debt off and then go on the mortgage?
I was in the belief that you can only be on a mortgage if you earn a wage, but I now feel that you can have your name on a mortgage as the second applicant even if you do not earn a wage, is this true?????? The family believe that even my name on the mortagge my make a difference to the deficit??
I bank with Alliance and Lecister and have a very good account with them and this is the bank to which my partners mortgage is with, so would this go in my favour??
Iam worried that the mortgage if applied in joint names would come back declined due to my personal debt?? This would just be a nightmare!!
My fella knows of my problems and he wants to protect me also, is there a way that I can still be on the property deeds without the joint mortgage?
I really feel in a total muddle, I do not wish my past to come and bite me in the !!!!, it has taken me a long time to get ahpy and sort my life out!! But ofcourse I need to protect myself to a certain degree, as if things go wrong I do not want to be out on the street! But the other way of looking at it I will not be financially contributing much at first and my fella has had a smaller home and mortgage for years and would it be fair on him if i was to be too involved initailly!??
Please please throw as much advice to me as possible, as I have a meeting to go to re this friday evening! I want go get on with my life, my relationship is perfect my past debt is the problem and the protection of myself !!
please email asap. thanks Studnet nurse12.
0
Comments
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Have you tried the debt free wannabe board? I think the folks over there might have some experience of this type of thing and they seem to be really great at helping out. Failing that would CAB be any good? It's quite a complicated question...0
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Posting the same thing on 5 different boards isn't going to get you the answer just anony people0
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Sorry.............I really am sorry!! Did not know that was wrong!? please do not be angry at me
this is all new to me, i thought that i may be able to get more advice that way, sorry!! 0 -
Don't worry - we all learned as we went along, usually by making mistakesstudentnurse12 wrote: »Sorry.............I really am sorry!! Did not know that was wrong!? please do not be angry at me this is all new to me, i thought that i may be able to get more advice that way, sorry!!
Sorry I can't help with your problem but usually people come along in the evening and they'll be able to help.
We need to remember to be nice to all Moneysavers - new, old, knowledgeable or not..................
....I'm smiling because I have no idea what's going on ...:)0
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