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| mlee |
Posted - 24 March 2010 : 14:33:11
Hi, I was made bankrupt 14 months ago and released 7 months ago. I have since, managed to clean up my post BR credit score (the best I can, all previous debts marked as settled).
My Fiancee which I’m due to marry in Sept this year has a crystal clear credit rating, has had a mortgage for 3 years, her credit score could not be any better.
I would like to know what effect our marriage will have on her credit score?
Many thanks for all your help.
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| 3 L A T E S T R E P L I E S (Newest First) |
| Housing |
Posted - 24 March 2010 : 16:14:20
Hello again,
Your wife will not be affected by your BR - it is a separate matter entirely and only has any effect upon you.
When you come to buy a property jointly - assuming you need a mortgage, you will have to declare your BR - even possibly if it is more than 6 years since discharge as some lenders ask, "Have you or anyone subject to this application ever been Bankrupt" The answer then is yes. If they said within a time period of say, 5 years and it was 6 a diferent matter.
Some lenders still do adverse credit mortgages - BUT rates are higher and not as plentifull as they used to be!!
Have a great wedding day...
Richard
"There are no problems - only solutions" |
| mlee |
Posted - 24 March 2010 : 15:49:23
Hi, thank you, my partners house is going to remain her house, we are not going to have any joint bank accounts, but where hoping to buy a property together in the next few years.
I was just worried if she tried to apply for a new bank ac****/credit card would she get refused?
Regards,
Mark |
| Housing |
Posted - 24 March 2010 : 15:37:52
Hi
Congratulations on your impending marriage...
Your credit ratings are as individuals so in theory will have no effect on your wife to be.
However, are you looking to be joined on the property ownership/mortgage? If so, the mortgage company may have a problem when they did a credit check.
You may wish to have a quick chat with your wife to be solicitor if you thinking of that
Hope this assists, others may well post with more detailed advice, Richard
"There are no problems - only solutions" |
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