Date Booked, what to do in mean time?

Rylynn

Oh and while I think about it, have you looked for a rented property yet?

How is hubby holding up to all of this as well, as you have only just had a baby and the sleepless nights with that alone are a stress without this on top of it. So take my hat off to you for getting on here and trying to sort this out.

messimoney

Rylnn, I do cut my own hair, and kids and OH!! I also left off the child benefit as I knew they didnt take that into account.
IPA is the bit you pay back yeah?
Added mobile and holiday, OH doesnt pay for prescriptions due to tax credits so added it to presents.

Monthly income after tax................ 710
Partners monthly income after tax....... 0
Benefits................................ 680
Other income............................ 0
Total monthly income.................... 1390

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 30
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 15
Emergency fund.......................... 0
Total monthly expenses.................. 1357

Assets
Cash.................................... 0
House value (Gross)..................... 90000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 95000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 98000....(0)........0
Secured Debt.................. 16000....(0)........0
Total secured debts........... 114000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
catalogue......................400.......60........0
car............................7000......198.......0
Total unsecured debts..........7400......258.......-

Monthly Budget Summary
Total monthly income.................... 1,390
Expenses (including secured debts)....... 1,357
Available for debt repayments........... 33
Monthly UNsecured debt repayments....... 258
Surplus(deficit if negative)............ -225

Personal Balance Sheet Summary
Total assets (things you own)........... 95,000
Total Secured debt...................... -114,000
Total Unsecured debt.................... -7,400
Net Assets.............................. -26,400[/b

This makes you dizzy

messimoney

Hubby just wants it over and done with Im ooooin and arrrrin!!
And we dont have sleepless night through the baby, she slept through since birth, its this that gives me sleepless night!
Your all being a great help though, thanks a trillion.

pink-lint_2

messimoney wrote: »

Rylnn, I do cut my own hair, and kids and OH!! I also left off the child benefit as I knew they didnt take that into account.
IPA is the bit you pay back yeah?
Added mobile and holiday, OH doesnt pay for prescriptions due to tax credits so added it to presents.

Monthly income after tax................ 710
Partners monthly income after tax....... 0
Benefits................................ 680
Other income............................ 0
Total monthly income.................... 1390

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 90
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 35
Telephone (land line)................... 20
Mobile phone............................ 10
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 500
Clothing................................ 30 i would up this by 20 ( new baby)
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 0
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 10
Haircuts................................ 40
Entertainment........................... 0
Holiday................................. 15
Emergency fund.......................... 0
Total monthly expenses.................. 1357

Assets
Cash.................................... 0
House value (Gross)..................... 90000
Shares and bonds........................ 0
Car(s).................................. 5000
Other assets............................ 0
Total Assets............................ 95000

Secured Debts
Description....................Debt......Monthly...APR
Mortgage...................... 98000....(0)........0
Secured Debt.................. 16000....(0)........0
Total secured debts........... 114000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
catalogue......................400.......60........0
car............................7000......198.......0
Total unsecured debts..........7400......258.......-

Monthly Budget Summary
Total monthly income.................... 1,390
Expenses (including secured debts)....... 1,357
Available for debt repayments........... 33
Monthly UNsecured debt repayments....... 258
Surplus(deficit if negative)............ -225

Personal Balance Sheet Summary
Total assets (things you own)........... 95,000
Total Secured debt...................... -114,000
Total Unsecured debt.................... -7,400
Net Assets.............................. -26,400[/b

This makes you dizzy

this is better , it took me ages to get ours right :cool:

messimoney

The rent thing is playin on my mind too, on the 4th should we just abandon ship so to speak?? Start looking now then when the deed is done, pack up and leave?

pink-lint_2

once we decided OH was going BR i started looking for rented house, and i found 2 in our village within 1 hour , i told them we were going BR and that we have 3 kids and 2 dogs ,and they both said yes , i think landlords are finding it hard letting their houses aswell as the sellers selling theirs.:eek:

but as it happens only OH is going BR so we are hoping we can keep our house as its in neg equity


i would start looking now and start saving now aswell

messimoney

Just a thought, if we stay in the property AFTER BR but dont pay the mortgage are the payment missed since the BRO then a new debt?

pink-lint_2

how much is your mortgage for and the price your house is worth ?

if its neg then then or wont be intrested in it (i think)

someone with more experience might answer this for you

Rylynn

Okay presents NOT allowed by most ORs put it somewhere else .. Right put it under contents insurance you should have it and it costs around £11 for really good cover can recommend Zurich, need the number let me know.

On the move, I know people here who have simply upped and moved out before BR and those who have waited, now others will help here as I dont own my home so was not one of my worries therefore know little about the best plan of action.

What I do know is you get on the phone tomorrow and start to find out what is going and how much, what deposit is needed. look in local paper for private rental as well as sometimes much better.

Now if you wait til afterwards remember your credit rating will be shot to hell so you may then need 6 months rent in advance or more, and a guarantor which is why I think people do it prior to BR.

And dont worry, I know so easy to say, but you wil get thru this.

RL

Rylynn

No missie, the house will go into BR I think.. someone here will explain this to you, you have said negative equity so the OR wont want to know as he cannot get anything from it. I know I have read people who have stayed in their homes for months after BR what I dont know is if they are paying the mortgage.. so hope someone here like BAAB gets in and helps you out on this side of matters.

RL