Advice please

shadowdragon

whatdowedonext wrote: »

Oh my gosh

Where's my brain, so not with it!! Give me 10 and I'll be right back to you!!

I dont know but heres mine

whatdowedonext

Income

3100 for both my husband and I me £450 he £2700 (only him going BC)
200.00 (Child Benefit/Tax Credit)
120.00 Child Maintenance from children's father who doesn't have contact with them his choice!!)


Total 3420



Expenses

Housing

Rent 1000
Council Tax 180.00
Water Rates 55.00
Gas 70
Electricity 80
Home Insurance 22

Services

Telephone 30
Mobile Phones 40 (two contracts
TV License 12
Internet 10

Motoring
Road Tax 20
Insurance 50
Fuel/parking 300.00

My dmp 95.00 ( Children's father left me ran up debts after break up before I met oh)

Dry Cleaning 11.00 His suits 4 work
Kids Pocket Money 20.00
School Trips 20.00

Maintenance for oh ex 200.00

Hobbies 20.00
tv/sky 20.00


Housekeeping


Food, toiletries, cleaning 700 (2 adults 3 children and 2 step children every other weekend and holidays)
Clothing 40
Kids Clothing 60
Work Clothes 40 (Both ofice enviroment and no uniform)

Hairdressing 50
Medicines/prescriptions 20
Dentist 20
Opticians 15

Holiday Fund 70
Birthday Fund 30
Christmas Fund 60


Pet Insurance 40 (2 dogs and 2 cats)


Total 3410

We own a car which I use to get to and from work and take the kids to school, it's worth approx 1800. Apart from that no fine art or antiques!! The house has been repossed and we're in rented. No savings just debt!!

Pls excuse my calculations and any stupid requests! This is based on current bills and what we spend as of now.

L

dalip

whatdowedonext wrote: »

Income

3100 for both my husband and I me £450is this your income or contribution?(if only OH going bc this should be your conribution) he £2700 (only him going BC)
200.00 (Child Benefit/Tax Credit)althought you have to include it,CB is not taken into consideration when working out your surplus
120.00 Child Maintenance from children's father who doesn't have contact with them his choice!!)


Total 3420



Expenses

Housing

Rent 1000
Council Tax 180.00
Water Rates 55.00
Gas 70
Electricity 80
Home Insurance 22

Services

Telephone 30
Mobile Phones 40 (two contracts
TV License 12
Internet 10need to prove you need this for work or study to be allowed,if not add it to telephone and don't mention internet

Motoring
Road Tax 20
Insurance 50
Fuel/parking 300.00

My dmp 95.00 ( Children's father left me ran up debts after break up before I met oh)take it off your contribution

Dry Cleaning 11.00 His suits 4 work
Kids Pocket Money 20.00not sure this is allowed
School Trips 20.00

Maintenance for oh ex 200.00

Hobbies 20.00not allowed
tv/sky 20.00not allowed


Housekeeping


Food, toiletries, cleaning 700 (2 adults 3 children and 2 step children every other weekend and holidays)
Clothing 40
Kids Clothing 60
Work Clothes 40 (Both ofice enviroment and no uniform)

Hairdressing 50
Medicines/prescriptions 20
Dentist 20
Opticians 15

Holiday Fund 70
Birthday Fund 30my not allow
Christmas Fund 60


Pet Insurance 40 (2 dogs and 2 cats)only allow £20


Total 3410

We own a car which I use to get to and from work and take the kids to school, it's worth approx 1800. Apart from that no fine art or antiques!! The house has been repossed and we're in rented. No savings just debt!!

Pls excuse my calculations and any stupid requests! This is based on current bills and what we spend as of now.

L

Ok try again with the things i have adjusted. Also add £12 for tv licence.Dx

peachyprice

whatdowedonext wrote: »

Income

3100 for both my husband and I me
£450 Don't include your whole wage
£2700 (only him going BC)
200.00 (Child Benefit/Tax Credit) Is CB in your name?
120.00 Child Maintenance from children's father who doesn't have contact with them his choice!!) This is yours so don't include it


Total 3420



Expenses

Housing

Rent 1000
Council Tax 180.00
Water Rates 55.00
Gas 70
Electricity 80
Home Insurance 22

Services

Telephone 30
Mobile Phones 40 (two contracts Only include OH's
TV License 12
Internet 10

Motoring
Road Tax 20
Insurance 50
Fuel/parking 300.00 Only include OH's share

My dmp 95.00 ( Children's father left me ran up debts after break up before I met oh) Cannot be included

Dry Cleaning 11.00 His suits 4 work
Kids Pocket Money 20.00 Not allowed, pay from surplus
School Trips 20.00 Put down as activities

Maintenance for oh ex 200.00

Hobbies 20.00 Not allowed
tv/sky 20.00 Ditto


Housekeeping


Food, toiletries, cleaning 700 (2 adults 3 children and 2 step children every other weekend and holidays)
Clothing 40
Kids Clothing 60
Work Clothes 40 (Both ofice enviroment and no uniform) Only OH's

Hairdressing 50 Only OH's & Children - £20
Medicines/prescriptions 20 Ditto
Dentist 20
Opticians 15

Holiday Fund 70 Doubt all 3 will be allowed
Birthday Fund 30
Christmas Fund 60


Pet Insurance 40 (2 dogs and 2 cats) Bit high but worth a try


Total 3410

We own a car which I use to get to and from work and take the kids to school, it's worth approx 1800. Apart from that no fine art or antiques!! The house has been repossed and we're in rented. No savings just debt!!

Pls excuse my calculations and any stupid requests! This is based on current bills and what we spend as of now.

L

OK, as it's just your OH going BR you cannot include your expenses, the only things that you can put are household expenses and your OH's own, But you do not have to include your whole salary, your maintenance from your ex, or child benefit if it's in your name for your children, also do your children have school dinners.

Also who owns the car you or OH, and how does OH get to work?

whatdowedonext

Hi

Thanks for all the info, OH has a company car with his job including petrol. Yes maintenance and child benefit is in my name only. My parents paid for the car and it's registered in husband's name. No the children have pack lunches.

Thanks peachy and dalip

R & L

peachyprice

If your husband doesn't use the car for work he can't really claim that amount for the car expenses on his SoA.

whatdowedonext

Oh okay so do I put in my contribution to the household income rather than my full salary. Am I allowed to deduct things like dmp, petrol, car running costs etc?

L

Rylynn

Is that your husbands net earnings after tax, NI and pension payments?

You need to put an amount you contribute to the home, ie for food and bills and towards rent etc, but your earnings are low and you have to be allowed to pay for your own expenses, however the amount you contribute has to be seen as a fair proportion, although as I say you are not earning very much.

The car is in your husbands name, but he is not using it for work so there for the OR may take this and sell it, have you thought about that?

Think you need to do the SOA again, leaving off what has been said by the others, ie your exs maitnenance is not included in this as it is not paid to your OH.

Then lets see what the calculations look like then.

Maybe if you add up all your earnings it may give an indication of what you are able to contribute, but you need to add up all you have to pay out like your DMP.

Would you not be better both going BR? I cannot say, but it was just a thought.

whatdowedonext

Hi Everyone

Back on the rollercoaster!! We had a letter from the MC saying our interest rate had dropped and our monthly payment is less than the rent we're paying! Now with OH back in full time employment we suddenly felt that we'd jumped out too soon. We went for worst case possible hence moving into rented not paying mortgage. Now oh may have enough income to do IVA or DMP and keep paying mortgage. I'm so confused now I wish we could have a guru who could look at us and say this is the best way forward!! I don't want much do I!!

The kids miss our old house and friends so much but am I just clutching at straws? OH is ringing the mc today to ask if there are still any choices. We still haven't signed anything for voluntary repossesion nor will we but equally they haven't gone to court yet for repossession.

My jaw is clenched so tight arghhhhhh!!

L

DON79

Hi wdwdn

Just read all your posts, sorry you had such a difficult time of things.

Do you think that you could still be happy going back to your old home and having to move all over again?

It doesn't hurt to find out what the mortgage company say but then you would have to weigh it all up.

Mortgage + mortgage arrears + debt payments

vs

renting + BR + No debts.

It all depends what you can cope with financially and what will make you and kids happiest now and in future. Also consider if interest rates do go up again in future, will you still be able to pay the mortgage in future?

All the best for the future. xxx