Where do I start ?? Desperate for reasurrance.. SOA now attatched

kazza292_2

also.. i telephoned tax credits twice the other week ( as the first man was really unhelpful) and was told i don't qualify as my gross salary for 2016-2017 was £26000.. the pension bit confuses me as when i used online calculator it asks for personal pension contributions which i put in as around £2500 ( NHS pension goes out salary each month approx £210) and on line tool gives me approx £120 pm but when i spoke to them they didn't take the pension bit into account despite me saying i completed the online tool. Lady said if i earn above £23000 generally don't get anything.. I had also asked wages to send me p60 which they did.. but as they told me i couldn't claim when it arrived in post i didn't put it safe and can i find it now !!! arggh:o

kazza292_2

[tt]Statement of Affairs and Personal Balance Sheet

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

Monthly Income Details
Monthly income after tax................ 1750
Partners monthly income after tax....... 0
Benefits................................ 89
Other income............................ 270
Total monthly income.................... 2109

Monthly Expense Details
Mortgage................................ 590
Secured/HP loan repayments.............. 0
Rent.................................... 0
Management charge (leasehold property).. 0
Council tax............................. 85
Electricity............................. 35
Gas..................................... 35
Oil..................................... 0
Water rates............................. 55
Telephone (land line)................... 15
Mobile phone............................ 40
TV Licence.............................. 12
Satellite/Cable TV...................... 0
Internet Services....................... 10
Groceries etc. ......................... 300
Clothing................................ 30
Petrol/diesel........................... 50
Road tax................................ 1.5
Car Insurance........................... 25
Car maintenance (including MOT)......... 30
Car parking............................. 0
Other travel............................ 0
Childcare/nursery....................... 80
Other child related expenses............ 0
Medical (prescriptions, dentist etc).... 10
Pet insurance/vet bills................. 10
Buildings insurance..................... 25
Contents insurance...................... 25
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 40
Haircuts................................ 10
Entertainment........................... 80
Holiday................................. 30
Emergency fund.......................... 20
hsbc advane............................. 10
Total monthly expenses.................. 1653.5


Assets
Cash.................................... 0
House value (Gross)..................... 145000
Shares and bonds........................ 0
Car(s).................................. 2000
Other assets............................ 5000
Total Assets............................ 152000


Secured & HP Debts
Description....................Debt......Monthly...APR
Mortgage...................... 103000...(590)......2.39
Total secured & HP debts...... 103000....-.........-

Unsecured Debts
Description....................Debt......Monthly...APR
tesco loan.....................19000.....280.......3.4
mbna cc........................2495......25........0
hsbc cc........................4790......119.......0
hitachi ltd sofa loan..........500.......13........0
overdraft hsbc.................1000......10........0
Total unsecured debts..........27785.....447.......-


Monthly Budget Summary
Total monthly income.................... 2,109
Expenses (including HP & secured debts). 1,653.5
Available for debt repayments........... 455.5
Monthly UNsecured debt repayments....... 447
Amount left after debt repayments....... 8.5

Personal Balance Sheet Summary
Total assets (things you own)........... 152,000
Total HP & Secured debt................. -103,000
Total Unsecured debt.................... -27,785
Net Assets.............................. 21,215

[/tt]

kazza292_2

my intention is to sell assets of approx £5k to pay off a cc having money to chuck at other debts..my dad is willing to help me ie.. pay equity share to husband, pay solicitor and divorce fees etc, reduce loan or pay off card until i sell assets to clean up this mess.. i have no idea how i can thank him.. i just hope when all this is a bit tidier nationwide will let me stay... my husband i'm pretty sure will not be nasty with anything regarding the house as he will not want to upset our daughter. All this is impossible without him.. I just hope and prey i am not being too unrealistic

La_escocesa

If your SOA is accurate then you've got all your bills covered and £8.50 spare per month, but I think you could cut around £120 off groceries and can definitely save on mobile phone. Buildings and contents insurance is also pretty high and hopefully you can cut that at renewal time.

Also, if you only spend £50 on petrol each month do you really need the car? That would save you over £105 per month, which could go towards other travel (odd taxi, public transport, car hire).

Good luck!

kazza292_2

i need my car as i use it to visit patients in work in the community

strongboes

Stop paying into your pension would be my first suggestion. This will make a big difference for you unless it affects any benefits.

house insurance surely isn't 45 per month? does it include life insurance?

theoretica

kazza292 wrote: »

its a cost of £10 for Advance account for travel/ road side breakdown insurance included

Check this against the cost of buying the insurances separately. Will you be needing travel insurance much? Look at the guide on this site for breakdown.

And as pointed out already check quotes for home and contents insurance.

kazza292_2

just looked at house insurance and stupidly thought i had a good deal . i'm with Halifax its buildings and contents. compare market search just done gives me it for about £10 pm .

Question is can i change this now without husbands permission. I was paying it in joint name terms as too our mortgage is but as i looked on land registry this morning he is on this soley.. i'm confused. or will they not ask these questions if i just change ..

sourcrates

kazza292 wrote: »

.
Question is can i change this now without husbands permission,. or will they not ask these questions if i just change ..

Its all done online, you can do anything you want to, those questions were not asked the last time i looked.

Why would they be ???

Deep breath, think rationally.

strongboes

Im wondering how you can be the mortgage account holder, but not on the deeds. Are you sure you have this correct?