I could lose my new house what can I do please help

rayday2

Well thats OK but I have a feeling they are living off credit cards, judging by the fact most of it has been taken out since they bought the house and they are now in negative equity.

I don't know the person but I can see cold hard facts.

MissKJ

You may be looking for jobs etc, but your SOA is urgent. People can help you reduce your outgoings immediately. Until you do it, you are still in denial, it is SO important to raise your child in a nice area, and worth the sleepless nights. I have them too, I moved before I could afford to, and put my moving costs and stamp duty on CC's to do it! The other night when i couldn't sleep, I went through my SOA, did some sums, and wrote a meal plan. At 3 in the morning! Still, I slept better after that.

Chin up, keep plan and keep going.

rayday2

There are plenty of cheaper areas up north and the further away from major cities you go mostly you find they are better for children. When I worked in an estate agents so many people were house hunting up north to reduce financial commitments and get away from built up areas.

Now would be a good time to consider more wider options before your hand is forced.

MissKJ

Sorry, didn't see page 2!!! SOA done.

mouseclick

rayday2 wrote: »

Well thats OK but I have a feeling they are living off credit cards, judging by the fact most of it has been taken out since they bought the house and they are now in negative equity.

I don't know the person but I can see cold hard facts.

Ah, I see. I think I will step back and let you all discuss! :silenced:

mouseclick

Other outgoings?

I just found this about the SOA...

"we do need to know every penny you have coming in, and every penny going out."

Council tax? Gas, Electicity? Water? TV? Phone? Internet? Presume some paid from business account and are to do with business, but must be some paid from home account.

maybe you should go back and add stuff to the SOA

Debt_Free_Chick

sarf_london_guy wrote: »

OK here is my SOA

Sorry, it's not an SOA - it's simply a list of debts. You need to post your normal monthly bills e.g. mortgage, Council Tax, Gas, Electricity, Telephone, Food etc .....

The reason we ask for an SOA is to make sure that you LIVE first, before you pay your debts.

sarf_london_guy

Thank you all so much I really mean it thank you big time.
I will do what ever it takes. I will update my SOA and post it in the morning.

Question do I edit the SOA I submitted or post a new one in here?

I am popping out tonight to see about some paid work so I will try to update it later, my telephone is taken out my business monthly income, TV licence I hide when they come round. I give a different name when they knock then when I get a summons return it as not at this address, had to do this before when I was in trobble. I will pay it when I can afford it, TV is only for my boy don’t watch have not got time to waste or to be brain washed.

I have cut down big time on spending no luxuries at all, don’t drink we both smoke I know don’t say it. No sky just base TV & phone package NTL cable.

Moving is the last thing, but saying that I do have a local estate agent popping round Thursday if I have to move it will have to be local but that still adds 6,000 ish to the pot for all fees & must do home improvements.

I will have a job this month because I won’t give up until I get one.
I have my brothers Van I am putting an add in sweet shops windows for man & driver hire then of to the job sites to get a job.

I will try anything as I do not want to lose this house if I can help it.
will update SOA with information your asking for.

MissKJ

Sorry mate, it is a false economy lying about the TV licence. They will get wise to you, and then you could be fined a lot more than it costs you. I am sure there are many who object to paying TV licences, but that is the society we live in. Best to manage your bill and debts properly, and not be looking over your shoulder. You need to feel in control, and free from worry at the end of this. Do a proper SOA and find where you can legally cut corners.

TheAble

Perhaps you could contact your mortgage provider and ask if you can extend the term, or maybe go interest only? With outgoings of £1200 a month in unsecured debt however, renting may be your best option.