Soa

ashes1985

Hi All,

will be starting the BR proceedings in the next month or so, this is an SOA based on mine and my wifes income,

Monthly Income (after tax)
1853
Partner's Monthly Income
1100
Benefits
0
Other Income (e.g. maintenance payments)
0
Enter your monthly expenditure
Amount (£)
Mortgage payment (from secured debt table below)
0
Secured/HP loans (from secured debt table below)
0
Rent
850
Management Charge (e.g. on leasehold property)
0
Council Tax
145
Electricity
35
Gas
35
Oil
0
Water Rates
54
Telephone (land line)
40
Mobile Phone
55
TV Licence
12.80
Satellite/Cable TV
40
Internet Services
40
Groceries etc.
400
Clothing
40
Petrol/Diesel
200
Road Tax (car)
2.50
Car Insurance (including breakdown cover)
62
Car Maintenance (including MOT)
200
Car Parking
10
Other Travel
0
Childcare/Nursery
0
Other child related expenses
60
Medical (prescriptions, dentists, opticians etc.)
10
Pet Insurance/Vet bills
40
Building Insurance
0
Contents Insurance
15
Life Assurance
25
Other Insurance
0
Presents (birthday, christmas etc.)
60
Haircuts
10
Entertainment
200
Holiday
80
Household Emergency Fund (e.g. for repairs)
20
Catolouge
120

2953.00 incoming
2861.30 outgoing

91.70 left over

The above is based on mine and her basic wage, i earn commission, however this at times can be clawed back by my employer, how would this kind of scenario be taken into account.

Ideally i want to avoid a IPA

JCS1

Catalogue won't be allowed, this debt will go into your bankruptcy.

How many cars do you have, how much are they worth and are they owned outright?

Is the Life assurance one you currently have? The OR will have an interest in that.

They are also unlikely to allow £200 entertainment, but your groceries may be a little on the low side.

Nothing under benefits, but you have child related expenses, no child benefit? How many children in the household as that will influence what some of the figures may be.