📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

RTB and wife's bankruptcy, but I'm sole tenant and applicant.

Options
Hi, interested in doing a council house  RTB. I'm sole tenant of property and can raise the funds required. Sticking point is my wife's ongoing bankruptcy. She isn't involved in any way with purchase. My only hesitancy is do creditors have any claim to property because we are married? Should we go ahead or wait for discharge?? Surely if her name is nowhere on deeds, mortgage application or tenancy then I'm hoping It will be OK.
Any advice would be greatly appreciated, thank you :)

Comments

  • sammyjammy
    sammyjammy Posts: 7,955 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    You would be best to wait for discharge IMO as your wife would potentially have a beneficial interest in the property.  Do you have any joint finances?
    "You've been reading SOS when it's just your clock reading 5:05 "
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.