Here's the background to my separation with my husband:
www.mumsnet.com/Talk/relationships/2661495-Is-there-any-way-back-from-this
Since last posting my cheatin husband has moved out into a rented house. He's agreed to pay maintenance towards bills/ child-related costs though obviously this is considerably less than now as he's got to cover his rent, bills etc. I've gone through all my finances and realised I can't break even unless I re-mortgage to consolidate 2 loans (which annoyingly I took out to prop up his excessive spending) and increase my hours (which I can do as on 30hour pw contract at moment). Then realise I really have to get a move on re-mortgaging as our discount rate ends end of August and mortgage goes up considerably to SVR.
So I found a mortgage with no tie in so when we're ready can sell up and move, split proceeds etc. I applied jointly as house deeds in joint name with husbands agreement. But it was DECLINED due to poor credit rating. I couldn't believe it - I've never missed a payment on anything. Did Experion on both of us - my rating is perfect but husband has - without my knowledge - racked up loads of credit within the last 6 months which he's then failed to pay back either on time or in two cases at all - his credit score is abysmal.
I challenged husband and he just shrugged and said he didn't think it was right, they've made a mistake. I just don't believe a word he tells me anymore. I could remortgage in my sole name but mortgage adviser said I would have to have him removed from title deeds. I don't think he'll agree.
I've told him to sort out his credit score if as he says its wrong, but I don't know how quickly his rating might be improved if he does manage this/ or he pays the debts having the biggest impact.
I can't afford the increased mortgage from Sept alongside loans so am ridiculously stressed about what to do.
Any advice please?
Thank you x
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Relationships
separation and mortgage stress
4 replies
ragdollymama · 01/08/2016 21:53
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