Blahbla
New Member
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- 2
Hi all,
My husband has a dire financial history dating back to some poor financial decisions circa 2006.
From 2008 he was unable to repay his debts (two secured loans). We consistently engaged with the banks trying to reach settlement, and finally reached agreement for combined settlement of debts for himself and his brother in 2020. That took a while to formalise but was signed off in April 2021, with it only being fully resolved this time last year when a security property was sold.
We were married in 2011. I have a good credit history, decent job paying 60k gross for 30 hrs per week with scope for more hours if I want, 70k savings.
My husband has a very successful business of his own. We have 3 kids. We're in our 40s now. I want to buy a forever home. I'm so tired of the stress and insecurity of renting. My only financial mistake has been my choice of partner. I know that banks don't typically loan to one person out of a couple for their family home, but has anyone experienced or heard of exceptions to this rule? Could he sign something to say the bank's rights take precedence over his rights or something?
Can anyone recommend a good broker who is experienced in working with previous insolvencies?
My husband has a dire financial history dating back to some poor financial decisions circa 2006.
From 2008 he was unable to repay his debts (two secured loans). We consistently engaged with the banks trying to reach settlement, and finally reached agreement for combined settlement of debts for himself and his brother in 2020. That took a while to formalise but was signed off in April 2021, with it only being fully resolved this time last year when a security property was sold.
We were married in 2011. I have a good credit history, decent job paying 60k gross for 30 hrs per week with scope for more hours if I want, 70k savings.
My husband has a very successful business of his own. We have 3 kids. We're in our 40s now. I want to buy a forever home. I'm so tired of the stress and insecurity of renting. My only financial mistake has been my choice of partner. I know that banks don't typically loan to one person out of a couple for their family home, but has anyone experienced or heard of exceptions to this rule? Could he sign something to say the bank's rights take precedence over his rights or something?
Can anyone recommend a good broker who is experienced in working with previous insolvencies?