Negotiating mortgage payment holiday

conar686

FSA PW PM Mnth tot

Home
Bank Account Fee £12.00 £12.00
Overdraft Cost £40.00 £40.00
Mortgage Int only £1,031.81 £1,031.81
Buildings & Contents £22.52 £22.52
Council Tax £151.00 £151.00
Water Rates / Meter £59.68 £59.68
Gas Bill £30.00 £30.00
Electricity Bill £19.00 £19.00
Home Phone Bill £24.00 £24.00
Internet Bill £23.00 £23.00
Mobile Phone Bill(s) £30.00 £30.00
Other Home £28.07 £28.07
HOME TOTAL £1,471.08 £1,471.08

Private Denplan £51.45 £51.45
Gas & Plumbing Cover £16.66 £16.66
Other Insurance £1.99 £1.99
INSURANCE TOTAL £70.10 £70.10

Weekly Shopping £600.00 £600.00
Weekly cash £100.00 £433.00
Drinking Out £20.00 £86.60
Smokes £100.00 £100.00
EATS TOTAL £120.00 £700.00 £1,219.60

Car Insurance £57.67 £57.67
Petrol / Diesel / Gas £50.00 £50.00
TRANSPORT TOTAL £107.67 £107.67

Car Lease £370.00 £370.00
DMP Repayments £191.00 £191.00
REPAYMENTS TOTAL £561.00 £561.00

Pocket Money for 3 £25.00 £108.25

TV/White goods rental Rental£39.97 £39.97
Sky Subscription (6mths) £30.00 £30.00
TV Licence £11.37 £11.37
FUN TOTAL £106.34 £131.34
Other Odds & Sods £12.40 £12.40

Average Income From Employment / Self Employment £3,053.02
Pension & Annuity Payouts £397.15
Child Benefit, Child Tax Credits & Income Support £163.40
War pension £161.96
MONTHLY INCOME TOTAL £3,775.53

TOTAL MONTHLY EXPENDITURE £3,631.44
TOTAL MONTHLY INCOME £3,775.53
Money that leaks out pcm £144.09

Dolly_Smith

weekly shopping £600? is that typo? what do you buy for that?

sorry, don't mean to sound judgemental but it just seems a lot on what I assume is just food

nick33_2

Hi,

With Northern Rock you can only take a payment holiday after 9 consecutive payments and you can only take 3 in a 12 month period (on the basis you have made over 21 consecutive payments). You can also take them by overpayment rather then by right.

There are allowances for career breaks and maternity leave as well where you can take up to a 6 month payment holiday.

Northern Rock will NOT recalculate your mortgage payments for a payment holiday unless you request to do so. Are you on interest only or repayment?

Feel free to pm me the details if you want and ill talk you through your options!

By reading this post you should not assume that im a manager at northern rock in any shape or form