I doubt it very much by why would you want to do it that way?
Steve Thatcher
Hi Steve, Perhaps if they like the UK and wanted to spend the next 5 years at least there then they wouldn't want to mess up their UK credit rating.
What if they did decide to stay in the UK, could they just ignore the Irish debt and the IRL banks wont do anything til they come back, if ever? Would they be ok over time acquiring assets in the UK like a car & house with the debt left behind in Ireland?
regards,
D
It is not ideal. Debt arising from mortgages survives for 12 years after it crystallises. So if someone makes it good in the UK, that judgement debt can be transferred to the Uk and the assets accumulated here could then be attacked. All in very simple terms
Steve Thatcher
Toodles thanks, as above we moved to East Anglia, good few jobs about and cheaper rents than London. I moved here as it's where I was offered a job. Our kids are not school age yet so not an issue with schools thankfully.