Date set for the 13th August

stevelinz

After a lot of hard work and worrying the date is finally set. Felt really strange and my heart was really pumping after the lady confirmed the date.

I know this is not going to be easy as some of the paper work and sales numbers from my buisness have gone missing after a member of staff cleared out boxes of paperwork by mistake.

I have managed to clear £49,000 worth of debts since January but still not enough to manage to live in the future.

CCCS have advised me so I am happy to go down this route, Now the worries of the house, car and trying find a job.

But hey ho less than a month to go.

I am sure I will be here on a daily basis asking questions and seeking advice.

tigerfeet2006

Well done on doing what you need to take your life back under control.

Any questions just ask away, there is usually someone who can help.

stevelinz

1st question is with my house. We do not have any equity in the property but I have changed my mortgage to interest only in the interim. Is this best? as we are paying £775 but with the repayment it is £1125. Rental property is around £850 to £1100. If I put the repayment in my SOA would the OR look more favourble on the interest only option so we may be able to keep the house.

I have a car which was changed in my wives name due to debt collectors, It is a family car so half is my wives and I am happy to let the OR know why we changed it. It is worth about £3000 tops and it is used for her to go to work

Thanks

k2nga

Im no expert on houses but just explain to the OR about your car and ensure they know you need say for work or something and as its about £3000 you should be ok although it seems that different OR's act differently towards cars.

Anyway ask away with any questions you have up until your court date as there will be loads of advice to be had on here and i expect there will be an expert on housing answering your thread soon

stevelinz

Thanks Both, Yes loads to ask and thanks for everyone for being so understanding

stevelinz

Did anyone struggle with home insurance once made BR

Merry_Gentry

Heya, glad you have a date to work towards. Got no answers for your questions so far, but wanted to say ello

tigerfeet2006

If you use the comparison sites as per Martins article you will find insurance that will accept you.

http://www.moneysavingexpert.com/insurance/home-insurance

stevelinz

I have been with the some home insurance company for the last 10 yrs, Did anyone have to change thier insurance once BR

tigerfeet2006

Have they said they won't insure you because you are BR? If you have been with them for 10 years it's probably time to move anyway for a better deal.:D

peachyprice

Hi Stevelinz,

Will you be able to afford to go back to repayment once you're BR? If so, you should, and put the 1125 down on your SoA, it's still well within the range of rental property in your area so the OR will be fine with that. It will be better for you in the long run to get back to repayment.

Had no problem with house insurance, we're with Legal & General.

HTH