Can I get another mortgage if I am on a DMP?

KITT2000

Martico said:

Your outgoings are higher than your income even before non-priority debt payments are taken into account, and that's something that you have to get straight. With a relatively low income, some of those expenditures will need to be cut or some extra income will need to be found.

As above, that water bill is insanely high for a one-person household. Cutting the satellite TV and landline phone expenses would bring a little respite. And with those three you may be able to get to a place where your budget (excluding CC repayments) enables you to have a little left over each month. 

With the mortgage cost likely to increase in a couple of years, you'll need it. People here have reported that gaining a new fixed rate with the same provider as your current one is not normally an issue for those on a DMP. 

But by the look of it, a DMP, some cuts in an already tight budget and efforts to earn a little more money, even if it's a few quid here and there through bar work or online surveys may be your only realistic option.   

Yes, I have been doing online surveys for quite some time, usually YouGov and Branded Surveys depending on how much free time I have but that doesn't really help me much financially.

Grumpelstiltskin

You can't afford to subsidize her, if she won't make a regular payment towards the household expenses then you will have a decision to make.

Rob5342

She doesn't have to help you out but she should be you something towards what she is using. Does she know about your debts?

Martico

Would you be able to sit down with her and work through an SOA of her own? At the very least to see if she is also able to make adjustments to allow her to contribute towards council tax, utilities, groceries? If not, then you'll probably have to give her the news that you can no longer afford a landline, satellite TV, and probably much else besides.

KITT2000

Rob5342 said:

She doesn't have to help you out but she should be you something towards what she is using. Does she know about your debts?

Yes, she knows about my debts but she says that she is unable to help me out as she also has debts of her own, but even if I was still living alone, apart from the council tax being a bit cheaper and the food then I would still be paying almost just as much for my bills as my mortgage and child maintenance which are the biggest payments wouldn't change, neither would my home and car insurance plus other direct debits I have going out each month. So although I know that she should be helping out I am basing this discussion as if I am on my own hence why I said that originally, if you know what I mean.

Grumpelstiltskin

Where would she be living if she wasn't with you?

Where ever it was  it would cost her more, you have got to be realistic.

KITT2000

Grumpelstiltskin said:

Where would she be living if she wasn't with you?

Where ever it was  it would cost her more, you have got to be realistic.

That's where it gets a bit complicated because she is still paying for her rent where she was living due to family circumstances

Grumpelstiltskin

So as well as subsidizing her you are subsidizing her family?

You are putting yourself in possible trouble because of this.

Floss

KITT2000 said:

Grumpelstiltskin said:

Where would she be living if she wasn't with you?

Where ever it was  it would cost her more, you have got to be realistic.

That's where it gets a bit complicated because she is still paying for her rent where she was living due to family circumstances

Unfortunately (and I apologise in advance) unless you are registered with the Charities Commission, you are not in a position to support someone who is not paying anything towards their keep AND who is paying a mortgage AND rent on properties they are not living in.

Your SOA suggests that you can make ends meet if you follow the advice given, but you also need to be realistic about that extra person. You would immediately save over £38 on your council tax payment alone.

Also, can I ask how your maintenance figure was set, as it is 26% of your take home pay before any living costs, is that correct?

KITT2000

I wish I hadn't mentioned about my partner living with me, as I said earlier, even if I was living alone the majority of my bills would remain the same anyway. Yes I am aware that she should be contributing but it's a very difficult and personal situation that I don't want to go into.

As far as my child maintenance is concerned, it is done through the child maintenance services who get the figures from the HMRC, this does sometimes fluctuate on a yearly basis but that is what it is at the moment.