Please copy and paste this post into a new thread. If you give comprehensive information, it will maximise your chances of getting comprehensive and useful results.
Income details
Net monthly 2500 paye employee
Income history; in same job since 2008 but increased family now four kids
Net monthly income partner/spouse: nature of income
Income history:
Amount of child benefit received 530
Amount of Mortgage Interest Supplement received (MIS is the social welfare payment to unemployed people, don't confuse with TRS)
Personal circumstances so we can calculate your reasonable living expenses
The Insolvency Service has published Guidelines for Reasonable Living Expenses based on the family size, whether or not you need a car for work, childcare costs and other exceptional circumstances. By filling in this information, we (or you ) can calculate what your reasonable monthly living expenses should be.
One adult family or two adult family two adult family
Do you need a car for work or do you use public transport? company car
Number of children 0- 2 years old:
Number of 3 years old children: 1
Number of 4 - 11 years old: 1
Number of 12 - 18 years old: 2
Monthly childcare costs:
Montly spend on special circumstances: e.g. exceptional healthcare costs
Home loan
Lender: pepper bank
Amount outstanding: 337,000
Value of home: approx 200,000
Interest rate: specify whether tracker or SVR or fixed rate 5.25 svr
Monthly repayment should be 1565 but I was paying between 800 and 1000
Amount in arrears 40,000
Summary of discussions and agreements with the banke.g. in Marp since Jan 2011 . Have been is constant arrears but made regular payments. paid 800 for 12 months approx and from Nov to May paid 1000 and less for the last three months
Investment property - Now with receiver.
Lender:
Amount outstanding:
Value of home:
Interest rate:
Monthly repayment
Amount in arrears
Monthly rent received
Credit Union
Amount of shares 0000
Amount of loan outstanding 13500
Monthly repayment
Term left
Other loans and creditors - delete those which don't apply to you
none all dealt with and clear
Other savings and investments
Do you expect any lump sums in the medium term future?
Redundancy, inheritances, injuries awards.
How important is retaining the family home to you? Essential
Which of the following best describes your situation?
I really want to keep my family home and have tried to personally negotiate with the bank but they are now putting me under intense pressure to sell it or give it to them. they have had my home valued and it looks like they are no longer interested in coming to a long term solution for me and my family. it looks like they have every intention to pursue me and my family for our home...
Any other relevant information
What is your preferred realistic outcome?
For example: Iwant to stay in my family home but the bank seem to be taking a new hard ball approach with me.
All advise to keep me and my family in the house we love would be greatly appreciated
Income details
Net monthly 2500 paye employee
Income history; in same job since 2008 but increased family now four kids
Net monthly income partner/spouse: nature of income
Income history:
Amount of child benefit received 530
Amount of Mortgage Interest Supplement received (MIS is the social welfare payment to unemployed people, don't confuse with TRS)
Personal circumstances so we can calculate your reasonable living expenses
The Insolvency Service has published Guidelines for Reasonable Living Expenses based on the family size, whether or not you need a car for work, childcare costs and other exceptional circumstances. By filling in this information, we (or you ) can calculate what your reasonable monthly living expenses should be.
One adult family or two adult family two adult family
Do you need a car for work or do you use public transport? company car
Number of children 0- 2 years old:
Number of 3 years old children: 1
Number of 4 - 11 years old: 1
Number of 12 - 18 years old: 2
Monthly childcare costs:
Montly spend on special circumstances: e.g. exceptional healthcare costs
Home loan
Lender: pepper bank
Amount outstanding: 337,000
Value of home: approx 200,000
Interest rate: specify whether tracker or SVR or fixed rate 5.25 svr
Monthly repayment should be 1565 but I was paying between 800 and 1000
Amount in arrears 40,000
Summary of discussions and agreements with the banke.g. in Marp since Jan 2011 . Have been is constant arrears but made regular payments. paid 800 for 12 months approx and from Nov to May paid 1000 and less for the last three months
Investment property - Now with receiver.
Lender:
Amount outstanding:
Value of home:
Interest rate:
Monthly repayment
Amount in arrears
Monthly rent received
Credit Union
Amount of shares 0000
Amount of loan outstanding 13500
Monthly repayment
Term left
Other loans and creditors - delete those which don't apply to you
none all dealt with and clear
Other savings and investments
Do you expect any lump sums in the medium term future?
Redundancy, inheritances, injuries awards.
How important is retaining the family home to you? Essential
Which of the following best describes your situation?
I really want to keep my family home and have tried to personally negotiate with the bank but they are now putting me under intense pressure to sell it or give it to them. they have had my home valued and it looks like they are no longer interested in coming to a long term solution for me and my family. it looks like they have every intention to pursue me and my family for our home...
Any other relevant information
What is your preferred realistic outcome?
For example: Iwant to stay in my family home but the bank seem to be taking a new hard ball approach with me.
All advise to keep me and my family in the house we love would be greatly appreciated