Hi, I am really hoping someone can help me and guide me in the right direction.
Personal and income details
Net (i.e. after tax) Income self: public servant €33000 permanent
Net income partner/spouse: permanent private sector €18000
Income history: self employed until June 2012, business no longer feasible.
number of children 1
Husbands Home (now living in my home)
Amount of Mortgage Interest Supplement received-Nil
Home loan-€292000
Lender: Ub
Amount outstanding: €290000
Value of home: €115000
Interest rate: specify whether tracker or SVR or fixed rate-SVR unsure of rate
Monthly repayment-€1136.71 as agreed with Marp process
Amount in arrears-€24000
Rent €875pm
Summary of discussions and agreements with the banke.g. in Marp since Jan 2013 after extensive negotiation.
My property - We live here
Lender: EBS
Amount outstanding: €368000
Value of home: €255000
Interest rate: ? Tracker
Monthly repayment €980
Amount in arrears €0
Other loans
Usual household debts- 150 left a month after bills
Car loan-€3500
Childcare €900
Other savings and investments
I have savings of €50000 husband has nothing saved.
How important is retaining the family home to you?
Really important mortgage is in my name only. Husbands is in his name only.
Which of the following best describes your situation?
Any other relevant information
What is your preferred realistic outcome?
Husbands arrears only came to my attention a year into our marriage I paid €20000 off it already. It was almost €45,000 in arrears when he told me what was going on. I have rented out the house and €875pm is best I can do. The bank are asking for the remainder of the arrears to be paid off ASAP. I could afford to do this but have worked hard to save this money and want it for my child in the future and also what was the original plan- for our next mortgage.
This has been a difficult year for us in many ways. Bank have offered to capitalise arrears but the monthly repayment would be unsustainable and I would risk putting my mortgage in arrears. Selling his house is not an option as ye negative equity is huge.
What would you do in my position? What can I do. My husband won't even discuss it he has buried his head so far in the sand. I'd appreciate any advice. Not sure if my marriage will last not ploughing my savings into his mess.
Personal and income details
Net (i.e. after tax) Income self: public servant €33000 permanent
Net income partner/spouse: permanent private sector €18000
Income history: self employed until June 2012, business no longer feasible.
number of children 1
Husbands Home (now living in my home)
Amount of Mortgage Interest Supplement received-Nil
Home loan-€292000
Lender: Ub
Amount outstanding: €290000
Value of home: €115000
Interest rate: specify whether tracker or SVR or fixed rate-SVR unsure of rate
Monthly repayment-€1136.71 as agreed with Marp process
Amount in arrears-€24000
Rent €875pm
Summary of discussions and agreements with the banke.g. in Marp since Jan 2013 after extensive negotiation.
My property - We live here
Lender: EBS
Amount outstanding: €368000
Value of home: €255000
Interest rate: ? Tracker
Monthly repayment €980
Amount in arrears €0
Other loans
Usual household debts- 150 left a month after bills
Car loan-€3500
Childcare €900
Other savings and investments
I have savings of €50000 husband has nothing saved.
How important is retaining the family home to you?
Really important mortgage is in my name only. Husbands is in his name only.
Which of the following best describes your situation?
Any other relevant information
What is your preferred realistic outcome?
Husbands arrears only came to my attention a year into our marriage I paid €20000 off it already. It was almost €45,000 in arrears when he told me what was going on. I have rented out the house and €875pm is best I can do. The bank are asking for the remainder of the arrears to be paid off ASAP. I could afford to do this but have worked hard to save this money and want it for my child in the future and also what was the original plan- for our next mortgage.
This has been a difficult year for us in many ways. Bank have offered to capitalise arrears but the monthly repayment would be unsustainable and I would risk putting my mortgage in arrears. Selling his house is not an option as ye negative equity is huge.
What would you do in my position? What can I do. My husband won't even discuss it he has buried his head so far in the sand. I'd appreciate any advice. Not sure if my marriage will last not ploughing my savings into his mess.