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Getting a mortgage with a spouse in an iva
mrvillicus
Posts: 38 Forumite
in IVA & DRO
Is it possible for a person not in an IVA to apply for a mortgage with a spouse that is in an IVA? I understand that the bank obviously wouldn't use the spouse on a joint application but would they consider their income on the application?
0
Comments
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No.
Well anything can be possible with a large enough deposit and a good income, but it would still be a high rate of interest. Also the person in the IVA is acquiring an asset, they would need advice on the terms of their IVA as to the imlications of this.1 -
the person with the IVA wouldn't be part of the application anyway so they certainly wouldn't be acquiring an assessment. I was more asking if the bank would consider their income as part of a single application however they wouldn'tManyWays said:No.
Well anything can be possible with a large enough deposit and a good income, but it would still be a high rate of interest. Also the person in the IVA is acquiring an asset, they would need advice on the terms of their IVA as to the imlications of this.0 -
Most lenders wont incude the income of someone who is not on the mortgage, but you can ask a mortgage broker.0
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