Personal and income details
Income self: 2900
Income history: work for private company,been 15% compulsory redundancies since 2009, job fairly safe but not guaranteed
Income partner/spouse: on jobseekers allowance
Income history: freelance, very little
number of children 2
Amount of Mortgage Interest Supplement received: none
Home loan 330
Lender: ptsb
Amount outstanding: 290
Value of home: 170k??
Interest rate: tracker +2.25%
Monthly repayment 1500
Amount in arrears :none
Summary of discussions and agreements with the bank:
Been on interest only for 12 months and will not extend this, bank wants to park some of it from july and pay an amount(not decided) on remainder. Bank will also let us sell and purchase another house upto a certain price (about 170K)will lose tracker though. Also they will allow us to sell and take unsecured loan on outstanding amount.
Other loans and creditors:
Overdraft: overdraft limit is 3800, spending more than earning, so about 200 euros charge a year
Credit Card: none
Credit Union:none
Car loan:none
Family
Other savings and investments
8k, emergency funds
How important is retaining the family home to you? the house we live in is not important, would like to own a house but in a different area.
Which of the following best describes your situation?
I would like to keep it, but will get rid of it if it means I can get rid of the mortgage associated with it.
Any other relevant information:
live quite a distance from work, so car/fuel bills/tolls excessive. Just fuel and tolls is approx 600/month.
What is your preferred realistic outcome?
To sell property, come to an agreement with bank on unsecured loan and purchase another property closer to work, schools and friends.
Income self: 2900
Income history: work for private company,been 15% compulsory redundancies since 2009, job fairly safe but not guaranteed
Income partner/spouse: on jobseekers allowance
Income history: freelance, very little
number of children 2
Amount of Mortgage Interest Supplement received: none
Home loan 330
Lender: ptsb
Amount outstanding: 290
Value of home: 170k??
Interest rate: tracker +2.25%
Monthly repayment 1500
Amount in arrears :none
Summary of discussions and agreements with the bank:
Been on interest only for 12 months and will not extend this, bank wants to park some of it from july and pay an amount(not decided) on remainder. Bank will also let us sell and purchase another house upto a certain price (about 170K)will lose tracker though. Also they will allow us to sell and take unsecured loan on outstanding amount.
Other loans and creditors:
Overdraft: overdraft limit is 3800, spending more than earning, so about 200 euros charge a year
Credit Card: none
Credit Union:none
Car loan:none
Family
Other savings and investments
8k, emergency funds
How important is retaining the family home to you? the house we live in is not important, would like to own a house but in a different area.
Which of the following best describes your situation?
I would like to keep it, but will get rid of it if it means I can get rid of the mortgage associated with it.
Any other relevant information:
live quite a distance from work, so car/fuel bills/tolls excessive. Just fuel and tolls is approx 600/month.
What is your preferred realistic outcome?
To sell property, come to an agreement with bank on unsecured loan and purchase another property closer to work, schools and friends.