Panic stations

40+

Bedsit_Bob wrote: »

A letting company would deal with all the pressure.

Some even guarantee rent every month.

Ok, well still would have to spend money on and get up there to sort things out..

Bedsit_Bob wrote: »

I've been using a 3 Dongle for over 3 years and, while the speed isn't fantastic, and download limits aren't brilliant (I get 3GB for £15), it's enough for me.

Of course, it depends what the signal is like where you live.

Well I live in central London-ish and am looking at coverage for different providers but sounds interesting. I don't need a phone as I never use one, using mobile to call family, and actually I have been thinking about that too, whether I need a iPhone or to switch to android on cheaper contract..
Tom

[Deleted User]

Why a contract at all?

What's wrong with PAYG?

40+

Bedsit_Bob wrote: »

Why a contract at all?
What's wrong with PAYG?

I currently have a contract with 02 as I have an iPhone and to get the voicemail you need a contract. I have been with a iPhone forever but take you point about PAYG could get by on 1.5G a month.. but will have to wait till this June to change and research my options.

40+

Didn't sleep too well last night, I am trying to sort out in my mind what I should do with eviction. I am not going to be able to pay arrears by Tuesday or the next month so what I don't understand if I pay off arrears and next months rent when I get paid will the eviction carry on? I know I am not thinking straight but all I can think of is I know I don't want to be homeless but the flat is draining me..
Tom

40+

So here is my updated SoA. Not sure if I have everything..

Statement of Affairs and Personal Balance Sheet

Household Information
Number of adults in household........... 1
Number of children in household......... 0
Number of cars owned.................... 0

Monthly Income Details
Monthly income after tax................ 2500
Partners monthly income after tax....... 0
Benefits................................ 0
Other income............................ 0
Total monthly income.................... 2500

Monthly Expense Details
Mortgage................................ 271.2
Secured/HP loan repayments.............. 107
Rent.................................... 1125
Management charge (leasehold property).. 0
Council tax............................. 105
Electricity............................. 20
Gas..................................... 20
Oil..................................... 0
Water rates............................. 30.37
Telephone (land line)................... 0
Mobile phone............................ 36.4
TV Licence.............................. 12.12
Satellite/Cable TV...................... 38.9
Internet Services....................... 0
Groceries etc. ......................... 60
Clothing................................ 0
Petrol/diesel........................... 0
Road tax................................ 0
Car Insurance........................... 0
Car maintenance (including MOT)......... 0
Car parking............................. 0
Other travel............................ 78.8
Childcare/nursery....................... 0
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 0
Pet insurance/vet bills................. 0
Buildings insurance..................... 25.21
Contents insurance...................... 56.98
Life assurance ......................... 14.49
Other insurance......................... 50.49
Presents (birthday, christmas etc)...... 0
Haircuts................................ 9
Entertainment........................... 0
Holiday................................. 0
Emergency fund.......................... 0
HSBC Life Insurance..................... 14.49
HSBC Life Insurance..................... 21.07
CPW iPhone Inusurance................... 13.99
Vodaphone............................... 38.66
Yorkshire Water......................... 34.4
East Yorks Council Tax.................. 78
Halifax Home Contents................... 56.98
British Gas North....................... 39
Income Protection Insurance............. 50.49
Total monthly expenses.................. 2408.04


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


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 44000....(271.2)....3.94
Secured Debt.................. 22000....(107)......3.94
Total secured & HP debts...... 66000.....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
Virgin CC......................4251.44...168.5.....22.48
MBNA...........................5604.43...194.7.....24.9
Family Debt Brother............1900......0.........0
Family Debt Parents............1200......0.........0
Total unsecured debts..........12955.87..363.2.....-


Monthly Budget Summary
Total monthly income.................... 2,500
Expenses (including HP & secured debts). 2,408.04
Available for debt repayments........... 91.96
Monthly UNsecured debt repayments....... 363.2
Amount short for making debt repayments. -271.24

Personal Balance Sheet Summary
Total assets (things you own)........... 90,000
Total HP & Secured debt................. -66,000
Total Unsecured debt.................... -12,955.87
Net Assets.............................. 11,044.13

Created using the SOA calculator at https://www.stoozing.com.
Reproduced on Moneysavingexpert with permission, using other browser.

harrys_dad

They cannot "evict" you straight away. They can give you two months notice. If you then refuse to leave they will have to go to court and then you will have another 28 days (but also some costs). It may be that even if they give you notice if you can negotiate a plan to pay the arrears they will withdraw it, as no landlord wants a void flat, even for a couple of months, as it costs them lost rent money.

40+

Thanks Harrysdad, just my mind racing in the early hours. I will talk to them once I have a clearer picture of my recovery plan..

[Deleted User]

I know you said the house needs work, before it's fit to rent out, but is there any way it's fit enough for you to live in it?

If you gave up the flat, and moved into the house, you would save yourself the rent, which would cover the "amount short for making debt repayments", and leave you more than £850 over.

40+

Hi Bob,

Unfortunately I live in London and my house is in Yorkshire so it would be a bit impractical but not impossible. Although living in a house that has not been lived in for many years would not be very comfortable.. Specially as a friend has used it as storage. I would need to discuss with work about flexible working. Raises some interest points though.. Thx

P.s not sure about travel costs..

[Deleted User]

I don't suppose your company has a branch in the NW?

If yes, any chance of a transfer?

Any chance of a new job, in the NW?