Wot a life's thread.

hypno06

Hi Guys......I don't normally post here, hope you don't mind.

There is a thread http://forums.moneysavingexpert.com/showthread.html?t=944523 that appeared today, and the poster needs a bit more help than most of us can give, as we don't know the score re BR/houses etc.

Sadly the OP was subject to some judgemental !!!!!! making comment early in the thread and I fear it may have pushed him/her away.

Could you pop in and have a look - OP has been advised to look at bankruptcy I understand.

Thanks, in anticipation.

Hypno x

Merry_Gentry

Thanks Hypno, have popped over

hypno06

Thank you x

dodecanese

Wot a Life
Can you post a SOA up? What is your property worth? post again and we will try and help you.

wot_a_life

Tahnk-you all, I'll sort out our SOA and post,

We owe £169,000 on the house, it was valued at £199,950 last month by "your move", they said for a quick sale to put it up for £185,000 ONO

Our mortgage repayments are £1035 pm and an additional £105 for arrears of 2k, the mortgage is interest only with no savings

Merry_Gentry

Good to see you over here Wot a Life

Richard_S

wot_a_life wrote: »

Tahnk-you all, I'll sort out our SOA and post,

We owe £169,000 on the house, it was valued at £199,950 last month by "your move", they said for a quick sale to put it up for £185,000 ONO

Our mortgage repayments are £1035 pm and an additional £105 for arrears of 2k, the mortgage is interest only with no savings

Hi Wot a life,

Just a couple of questions that might not be included in your SOA:

• Is staying in your house a priority, or do you have no objection to moving into a chaper property or rented accomodation?
• Are there any secured debts against the house, and if so how much?
• What is the level of your unsecured debt?
• Do you have sufficient income to cover the mortgage and essential expenditure?
• Are you sure you're claiming all the benefits you're entitled to?
• Do you have any children living with you, or recently moved out?

I hope those questions don't seem intrusive but it's not really possible to offer any constructive suggestions without a reasonably clear idea of your finances.

I'll post this on your other Thread in case you don't see it here. It would be a good idea to start a new Thread on either the DFW or Bankruptcy Board.

Best regards

Richard

hypno06

Glad you found this thread wot a life - I have amended the title, hope that's ok!!

Good luck, you are in good hands here x

fiveyearplan

Welcome Wot a Life.

philnicandamy

Just to echo what everyone else has said wot a life..your in safe hands here

Welcome...welcome..welcome

wot_a_life

Hi Wot a life,

Just a couple of questions that might not be included in your SOA:

• Is staying in your house a priority, or do you have no objection to moving into a chaper property or rented accomodation?
• Are there any secured debts against the house, and if so how much?
• What is the level of your unsecured debt?
• Do you have sufficient income to cover the mortgage and essential expenditure?
• Are you sure you're claiming all the benefits you're entitled to?
• Do you have any children living with you, or recently moved out?

Hi Richard and thanks for posting, in answer to your questions,
> We would like to stay here as the rental of properties in our area are much the same as our mortgage.
> There is one charging order against the house for £2,100 - there are no additional secured loans on the property
> The unsecured debt is 40k
>We have JUST enough income to secure our basic living essentials and mortgage with No surplus at all
> We have tried to claim Job Seekers allowance, incapacity benefit, disability benefit ( for my OH ) We are in reciept of WT credit and CT credit at £720 per month and we have a council tax rebate because of low income
>We still have all of the children at home, still in full time education aged 15, 18 and 10