Hi Brendan,
Thanks for your response.
Here is some of my Personal Information you requested :
Personal and Income Details
Income
art Qualified Accountant ( having difficulty passing final exams)
Salary : €40,000 per annum
Income History : Im working for a Semi state Organisation for the last 5 years.
Income Partner : N/A
Number of Children : 0
Amount of Mortgage Supplement : N/A
Home Loan
Lender : Haven Mortgages ( EBS)
Amount Outstanding : €264,000
Value of Home : €130,000
Interest Rate : 4th of 5 year Fixed 5.45 %. Go back to Variable after fixed rate commences. Variable Rate at moment 4.35%.
Monthly Repayment :€1,200 full repayment only paying €800 the last 7 months.
Amount of Loan Left : 30 years 7 months
Amount in Arrears : About €3,000
I have been taking part in the Marp process since December 2011. Im only paying €800 per month since April 2012.
I have no additional loans or Savings and Investments although I would like to drive and buy a car in the future.
Summary
I do not mind giving up my home. I am looking at the best alternative that will save me money in the future ie Debt Settlement Arrangement ( Where I lose my home) and have some remaining debt left to be paid over 5 years or so or Personal Insolvency Arrangement ( where I keep my home and hopefully get some of the negative equity wrote off.
Any feedback would be greatly appreciated.
Regards
Seamus