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

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245

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  • kazza292_2
    kazza292_2 Posts: 51 Forumite
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    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
    kazza292_2 Posts: 51 Forumite
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    [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
    kazza292_2 Posts: 51 Forumite
    edited 9 September 2017 at 10:19AM
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    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
    La_escocesa Posts: 3,096 Forumite
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    edited 9 September 2017 at 10:32AM
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    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
    kazza292_2 Posts: 51 Forumite
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    i need my car as i use it to visit patients in work in the community
  • strongboes
    strongboes Posts: 107 Forumite
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    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
    theoretica Posts: 12,306 Forumite
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    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.
    But a banker, engaged at enormous expense,
    Had the whole of their cash in his care.
    Lewis Carroll
  • kazza292_2
    kazza292_2 Posts: 51 Forumite
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    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
    sourcrates Posts: 28,878 Ambassador
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    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.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
  • strongboes
    strongboes Posts: 107 Forumite
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    Im wondering how you can be the mortgage account holder, but not on the deeds. Are you sure you have this correct?
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