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Advise please

kbooth321
kbooth321 Posts: 4 Newbie
in Mortgages & endowments
Can my husband get a mortgage in his name without my credit affecting the mortgage. I have been told that if we separate all out finances, i.e. get separate bank accounts and put his name on all the bills, then my credit wont be visible. is this correct. We are thinking of moving in with his parents for 12 months to save a deposit, but i don't want to do that, if at the end of the 12 months we still can't gt a mortgage. please help!

Comments

  • kingstreet
    kingstreet Posts: 39,439 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You'll need to close any joint accounts and carry out disassociations with all three credit reference agencies for this to work properly.

    Can't say if he'll get a mortgage at the end of all that, as no way of knowing his position now and/or then.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • kbooth321
    kbooth321 Posts: 4 Newbie
    his salary is over £30000 and we are working on his credit score at the moment, so will be in a better position in 12 months time, so long as we can make sure my credit does not affect it .

    How do I carry out disassociations and who are the 3 credit reference agencies please?
  • kingstreet
    kingstreet Posts: 39,439 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    kbooth321 wrote: »
    his salary is over £30000 and we are working on his credit score at the moment, so will be in a better position in 12 months time, so long as we can make sure my credit does not affect it .

    How do I carry out disassociations and who are the 3 credit reference agencies please?
    Close the joint accounts first.

    Then contact Experian, Equifax and Call Credit for disassociation forms or have a look on their respective websites.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • kbooth321
    kbooth321 Posts: 4 Newbie
    can i do this even if we are still married and living together
  • libf
    libf Posts: 1,008 Forumite
    kbooth321 wrote: »
    can i do this even if we are still married and living together

    You don't have to have joint finances just because you're married.
  • kbooth321
    kbooth321 Posts: 4 Newbie
    I've just had a quick look on Experian and it says that they can only do a disassociation if we live at separate address? please advise
  • Experian_company_representative
    Experian_company_representative Posts: 2,134 Organisation Representative
    Part of the Furniture Combo Breaker
    As long as you have no financial link you can request a disassociation. The link to do this with Experian online is:

    http://www.uk.experian.com/contactforms/consumer_onlinedisassociation.html

    Regards
    James Jones
    “Official Company Representative
    I am an official company representative of Experian. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"

    Posts by James Jones, Neil Stone, Stuart Storey & Joe Standen
  • Malmo
    Malmo Posts: 710 Forumite
    Part of the Furniture Combo Breaker
    See links for HOW TO disassociate for the other 2 credit reference agencies below:

    Equifax disassociation

    Callcredit disassociation
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