COC so new SOA

The_Duchess_3

Hi

I am moving next week so need to send in a new SOA. I would appreciate any feedback on what I had submitted on my old one compared to the new one as obviously fuel etc have increased but I don't want the OR to think I am taking the proverbial!!

Old SOA

tt]Statement of Affairs and Personal Balance Sheet
Household Information
Number of adults in household........... 1
Number of children in household.........
Number of cars owned.................... 1
Monthly Income Details
Monthly income after tax................ 1187.46
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1187.46
Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 355.46
Management charge (leasehold property).. 0
Council tax............................. 84
Electricity............................. 40
Gas..................................... 40
Oil..................................... 0
Water rates............................. 54.51
Telephone (land line)................... 15
Mobile phone............................ 26
TV Licence.............................. 12.37
Satellite/Cable TV...................... 0
Internet Services....................... 15
Groceries etc. ......................... 185
Clothing................................ 25
Petrol/diesel........................... 100
Road tax................................ 12
Car Insurance........................... 38.39
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10.75
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 40
Emergency fund.......................... 10
Total monthly expenses.................. 1153.48
Assets
Cash.................................... 10
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 510

No Secured nor Hire Purchase Debts
Unsecured Debts
Description....................Debt......Monthly.. .APR
CSA............................1054.26...0........ .0
WTC............................2321.91...0........ .0
Halifax loan...................6812.59...0.........0
Total unsecured debts..........10188.76..0.........-

Monthly Budget Summary
Total monthly income.................... 1,187.46
Expenses (including HP & secured debts). 1153.48
Available for debt repayments........... 33.98
Monthly Unsecured debt repayments....... 0
Amount left after debt repayments....... 33.98
Personal Balance Sheet Summary
Total assets (things you own)........... 510
Total HP & Secured debt................. -0
Total Unsecured debt.................... -10,188.76
Net Assets.............................. -9,678.76
New SOA ......


Household Information
Number of adults in household........... 2
Number of children in household.........
Number of cars owned.................... 1

Monthly Income Details
Monthly income after tax................ 1187.46
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 1187.46

Monthly Expense Details
Mortgage................................ 0
Secured/HP loan repayments.............. 0
Rent.................................... 550
Management charge (leasehold property).. 0
Council tax............................. 0
Electricity............................. 0
Gas..................................... 0
Oil..................................... 0
Water rates............................. 0
Telephone (land line)................... 0
Mobile phone............................ 26
TV Licence.............................. 0
Satellite/Cable TV...................... 0
Internet Services....................... 0
Groceries etc. ......................... 190
Clothing................................ 25
Petrol/diesel........................... 115
Road tax................................ 12
Car Insurance........................... 40
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 10.75
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 20
Haircuts................................ 10
Entertainment........................... 20
Holiday................................. 50
Emergency fund.......................... 10
Unison.................................. 11
Total monthly expenses.................. 1134.75


Assets
Cash.................................... 10
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 500
Other assets............................ 0
Total Assets............................ 510

No Secured nor Hire Purchase Debts

Unsecured Debts
Description....................Debt......Monthly...APR
CSA............................1054.26...0.........0
WTC............................2321.91...0.........0
Halifax loan...................6812.59...0.........0
Total unsecured debts..........10188.76..0.........


Monthly Budget Summary
Total monthly income.................... 1,187.46
Expenses (including HP & secured debts). 1,134.75
Available for debt repayments........... 52.71
Monthly Unsecured debt repayments....... 0
Amount left after debt repayments....... 52.71

Personal Balance Sheet Summary
Total assets (things you own)........... 510
Total HP & Secured debt................. -0
Total Unsecured debt.................... -10,188.76
Net Assets.............................. -9,678.76

kepar

Big rise in rent, what did the OR allow you in rental?

No gas , electric, water rates, land line and council tax ?
Judging by your income and what you were paying how are you going to pay for these?

wildheart83

Kepar, it's a rise in rent but it looks as though this now includes utilities.

OP, have you moved in with a partner? If the OR questions this, you can download a tenancy agreement for free, or the OR might just ask for your partner to send them a letter confirming what you pay, that's what mine did.

Have you changed your address with your car insurance company? You might get hit with a fee for changing, so I'd add this onto your SOA. It's not about what you can get away with, but what is a reasonable amount that you pay out for things.

The_Duchess_3

I have moved into a property with a friend I have a tenancy agreement and the rent includes all household bills as of which I am paying 50% of as he works away and is only at the property at weekends. I have changed address with the car ins co and was lucky not to incur a charge as it was so close to my renewal date.

Ineedaname

Those figures do not look like 50% of bills to me, certainly TV Licence is £12.37 per month for me, I pay around £70 pcm for gas and electric combined, etc. etc.

You will not be allowed anything for presents or entertainment and should round up or down to the nearest pound.

Personally, I think you would be better off paying rent including bills as that's the 'norm' for a lodger renting a room and sharing kitchen/bathroom/living room in a house.

tigerfeet2006

Ineedaname wrote: »

Those figures do not look like 50% of bills to me, certainly TV Licence is £12.37 per month for me, I pay around £70 pcm for gas and electric combined, etc. etc. Bills are included in rent.

You will not be allowed anything for presents or entertainment and should round up or down to the nearest pound.
If you look at her first SoA the OR has been very, very kind and allowed those. Not sure how he would take you trying to up them but nothing ventured lol

Personally, I think you would be better off paying rent including bills as that's the 'norm' for a lodger renting a room and sharing kitchen/bathroom/living room in a house.

Sorry INAN, please can you claify for me. The OP will be paying rent with bills included. Did you mean that or rent and bills seperatly as they come in? Thanks sweetie.

Duchess not sure how he will take you uping presents and entertainment (most people don't get them.) and holiday as £40 is usually about right for a single. You could if you need put clothes at £40 and medical at £20

Ineedaname

Doh! Read the first SOA as the new one and the second as the old one, whoopsie, not having a good day am I.

OP says first SOA is as 'submitted' but doesn't confirm if the OR agreed the presents/entertainment or altered it, also I don't remember if an IPA was set up or not and the OP doesn't confirm it in this thread.

The_Duchess_3

Hi thanks for all your replies to confirm some of the confusion........
The rent that I will be paying all bills are included and not going to be paying anything on top. The OR hasn't questioned the original SOA and an IPA was set up.
Was thinking of just putting the new SOA in and see what happens, if the OR doesn't agree to any of the amounts that I have put down, will they contact me or just amend it to what they think is reasonable and set up a new IPA. Thanks ever so xxx