I really need some advice, please help....

[embo]

There is so much story behind this question, but It is really too long to write down here, so I will ask the basic question...

If a house was transferred into my name from my mum's name, but only my dad would still be living there how would this affect me when my dad is classed as bankrupt and has undergone a VA, which I believe is still in effect now.

Will this affect my own credit rating?

My dad is well paid so I am sure he will be fine in paying all the bills etc, but what if he doesn't. Will this then come back to me, and would It be recorded on my credit file.

I have my own house with my husband (although our house is in my husbands name as before we were married I had a poor credit rating and couldnt get a mortgage at the time - or not a decent one any way) now my credit rating is getting better, and I have been working hard to improve it.

My husband and I are planning to move house within 2007 and get a mortgage in joint names this time, and i am worried about doing anything that will jeopordise this. If this house goes in my name, will it effect my chances of getting a mortgage?

Any advice would be gratefully received

Thanks

[alexifa]

Why is the house being transferred from your mum's name to yours?

Will you be charging rent from your dad?

You should not be affected by your dad's credit status.

[blacksheep1979]

but if the property is simply changed to be in your name you will be liable for capitol gains on the property.