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Hi Clare, we are currently going through divorce proceedings,husbands salary does not support outgoings as his salary has reduced as he was sacked from position now has new one, was using old position salary to try to get loan.I am currently a house wife, one dependent 14, two children over 18. House is worth 330,000 by valuation, 269,000 mortgage,we have a buy to let property value 175,000 mortgage 135,000, in both our names. He wishes to borrow 25,000.He also has credit card debt to the value of 38,000 pounds in his name, we owe school fees debt of13,000,tax credit overpayment of 5,543 to pay back and a personal loan in his name for 8,819.I do not want to take on further debt, he wants to take out the loan to cover credit cards primarily, but these are not in my name.I want to do everything legitimately and above board.
40,000 per annum, monthly net income 2,512.
Separated since since October 2013, I have signed the Divorce petition issued by him,not got to any financial negotiations at present, still have joint bank account.