Stephen Curtis
Registered User
- Messages
- 7
In my experience there are 2 ways about dealing with this:
1) Refuse to give any information (as is completely your right). Then the bank, in calculating your wife's ability to make repayments on the shortfall, will allow her 50% of their reasonable living expenses i.e. they assume that she is a 50% contributor to the family.
2) If you earn less than your wife then it might be worth telling them this as they will consider this in determining how much they think she can pay towards the shortfall.
If you earn more than your wife option 1 will reduce the size of the payment they request.
1) Refuse to give any information (as is completely your right). Then the bank, in calculating your wife's ability to make repayments on the shortfall, will allow her 50% of their reasonable living expenses i.e. they assume that she is a 50% contributor to the family.
2) If you earn less than your wife then it might be worth telling them this as they will consider this in determining how much they think she can pay towards the shortfall.
If you earn more than your wife option 1 will reduce the size of the payment they request.