Because I'm on a decentish salary the guy from the OR office who did my interview said that they would expect someone on my income to be able to pay an IPA. Problem is I don't have any excess income. My salary is twice that of my wifes. She is going to buy out beneficial interest with help from parents. He said that because she will own the home then she should pay the majority of the mortgage leaving me money to pay them. I disagreed that she wouldn't own the house (the mortgage and deeds remain in joint names), but agreed she would own the beneficial interest. The mortgage is slightly more than my wifes salary, and I have to pay a substantial amount to CSA. He said he was going to have to talk to his team leader about what they expect from me.
I'm quite concerend about this. We have a 10 month old baby and if they force me to pay IPO then the chances are we will lose house anyway. In effect he was saying our mortgage is more my wifes responsibility than mine because she will own the beneficial interest. As the mortgage is in joint names it is my view that I am responsible for 2 thirds of the monthly payment as my wife is on half the income which I am on - he didn't seem to agree. I had to try very hard not to lose my rag with him because I know he could make things very difficult for me.
I got the feeling he was a junior as he said something along the lines "if I go to my team leader and tell him your salary he'll want you to make a payment". Surely they must take into account the fact that the mortgage is in joint names and my salary dictates the proportion I should pay, not the fact that my wife is buying the beneficial interest?
Does anyone have any advice? Can they force me to pay IPO even though I have no spare cash when essential costs are paid? I am prepared to give them full details of my wifes income/expenditure as well as mine to show we have no 'spare' money to pay them - should I disclose my wifes details? Finally, do I have any chance to dispute if they do make an IPO, or is it totally up to them without any option to question what they decide?
Would it help if we got parents to buy the beneficial interest instead?
Can I get a solicitor to represent me if things get tricky?
Any help much appreciated.