Springsteen
Registered User
- Messages
- 34
Personal and income details
Income self: 150,000K secure private sector
Income history: very secure
Income partner/spouse: 0
Income history: Was made redundant, salary was 70,000k
number of children 2
Amount of Mortgage Interest Supplement received 0
Home loan Int only
Lender: EBS
Amount outstanding: 870,000
Value of home: 650,000
Interest rate: Tracker 0.7 Int only
Monthly repayment 1200
Amount in arrears 0
Summary of discussions and agreements with the banke.g. in Marp since May 2012 . Have been on interest only on PPR since then.
Investment property - Delete if not applicable
Lender: EBS
Amount outstanding: 392,000
Value of home: 250,000
Interest rate: 4%
Monthly repayment 1617 cap and int ( part of loan int only )
Amount in arrears 0
Monthly rent received 1250
Investment property - Delete if not applicable
Lender: EBS
Amount outstanding: 331,000
Value of home: 200,000
Interest rate: 4.25%
Monthly repayment 1793 Cap and Int
Amount in arrears 0
Monthly rent received 1050
Investment property - Delete if not applicable
Lender: EBS
Amount outstanding: 241,000
Value of home: 150,000
Interest rate: 4%
Monthly repayment 1557 Cap and Int
Amount in arrears 0
Monthly rent received 900
Other savings and investments
100,000k in savings
How important is retaining the family home to you?
Which of the following best describes your situation?
I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.
Any other relevant information
What is your preferred realistic outcome?
We would like to retain BTL's until we break even and sell and then concentrate on reducing PPR debt. We would like forbearance of interest only to allow us to continue deleveraging on the BTL's.
Income self: 150,000K secure private sector
Income history: very secure
Income partner/spouse: 0
Income history: Was made redundant, salary was 70,000k
number of children 2
Amount of Mortgage Interest Supplement received 0
Home loan Int only
Lender: EBS
Amount outstanding: 870,000
Value of home: 650,000
Interest rate: Tracker 0.7 Int only
Monthly repayment 1200
Amount in arrears 0
Summary of discussions and agreements with the banke.g. in Marp since May 2012 . Have been on interest only on PPR since then.
Investment property - Delete if not applicable
Lender: EBS
Amount outstanding: 392,000
Value of home: 250,000
Interest rate: 4%
Monthly repayment 1617 cap and int ( part of loan int only )
Amount in arrears 0
Monthly rent received 1250
Investment property - Delete if not applicable
Lender: EBS
Amount outstanding: 331,000
Value of home: 200,000
Interest rate: 4.25%
Monthly repayment 1793 Cap and Int
Amount in arrears 0
Monthly rent received 1050
Investment property - Delete if not applicable
Lender: EBS
Amount outstanding: 241,000
Value of home: 150,000
Interest rate: 4%
Monthly repayment 1557 Cap and Int
Amount in arrears 0
Monthly rent received 900
Other savings and investments
100,000k in savings
How important is retaining the family home to you?
Which of the following best describes your situation?
I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.
Any other relevant information
What is your preferred realistic outcome?
We would like to retain BTL's until we break even and sell and then concentrate on reducing PPR debt. We would like forbearance of interest only to allow us to continue deleveraging on the BTL's.