Brendan Burgess
Founder
- Messages
- 53,767
It can be difficult, but please try to use a meaningful title in your thread
For example "27 year old with mortgage arrears".
You will get a much better and much more coherent answer if you give as much information as possible in your first post. For example, if you give your mortgage rate, it will make it unnecessary for others to ask you if you are getting the best rate.
It would also be helpful to edit your first post later by adding extra information which you consider relevant.
Have a look at this post for a good example of how to do it.
J29 has provided a very useful spreadsheet which you might like to use to review your finances.
But - this forum is widely read. If you provide very specific information, your friends might identify you.
Personal details
Your age:
Your spouse's age:
Partner's age if not married:
Number and age of children:
Income and expenditure
Annual gross income from employment or profession:
Annual gross income of spouse/partner:
Monthly take-home pay:
Type of employment - e.g. Employee or self-employed.
Employer type: e.g. public servant, private company.
In general are you:
(a) spending more than you earn, or
(b) saving?
Summary of Assets and Liabilities
Family home value:
Mortgage on family home:
Net equity:
Cash:
Defined Contribution pension fund:
Company shares :
Buy to Let Property value:
Buy to let Mortgage:
Total net assets:
Family home mortgage information
Lender
Interest rate
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant)
Monthly repayment:
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card?
Pension information
Value of pension fund:
Buy to let properties
Value:
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Other information which might be relevant
Life insurance:
What specific question do you have or what issues are of concern to you?
For example "27 year old with mortgage arrears".
You will get a much better and much more coherent answer if you give as much information as possible in your first post. For example, if you give your mortgage rate, it will make it unnecessary for others to ask you if you are getting the best rate.
It would also be helpful to edit your first post later by adding extra information which you consider relevant.
Have a look at this post for a good example of how to do it.
J29 has provided a very useful spreadsheet which you might like to use to review your finances.
But - this forum is widely read. If you provide very specific information, your friends might identify you.
Personal details
Your age:
Your spouse's age:
Partner's age if not married:
Number and age of children:
Income and expenditure
Annual gross income from employment or profession:
Annual gross income of spouse/partner:
Monthly take-home pay:
Type of employment - e.g. Employee or self-employed.
Employer type: e.g. public servant, private company.
In general are you:
(a) spending more than you earn, or
(b) saving?
Summary of Assets and Liabilities
Family home value:
Mortgage on family home:
Net equity:
Cash:
Defined Contribution pension fund:
Company shares :
Buy to Let Property value:
Buy to let Mortgage:
Total net assets:
Family home mortgage information
Lender
Interest rate
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant)
Monthly repayment:
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card?
Pension information
Value of pension fund:
Buy to let properties
Value:
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Other information which might be relevant
Life insurance:
What specific question do you have or what issues are of concern to you?
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