We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
DRO partners mortgage
mollymoomoocow
Posts: 12 Forumite
Hi I’m looking for advice/ reassurance regarding a debt problem. I am currently 1 year into an IVA however after having an accident my circumstances/ situation has changed and I am struggling to make repayments. I now believe I meet the criteria for a DRO however after speaking to moneywellness today on the phone they have said they cannot advise me until the IVA fails and the fact that my husband has a mortgage even though it’s only in his name might be a factor as it might be seen as me having an interest in the house.(I have never paid anything towards it) He has recently remortgaged and I did sign a consent to mortgage form would this be enough to prove I have no interest? Or should I forget about a DRO ? Thank you in advance for any help.
0
Comments
-
You've posted this in the diaries section rather than the main debt free wannabe section where you'll get better advice. Might be best to re-post?
https://forums.moneysavingexpert.com/categories/debt-free-wannabe1 -
This has now been moved.
I believe in your circumstances you would not be able to get a DRO as you own a house. Doesn't matter that your name isn't on the mortgage or who actually pays. If you were an unrelated lodger then that would be different.
You could let the IVA fail and start over with a DIY debt management plan.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇🏅0 -
Duplicate thread.If you've have not made a mistake, you've made nothing0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards