Personal and income details
Net (i.e. after tax) Public Servant. Permanent position. €1550 fortnightly
Income history: Never been unemployed
Net income partner/spouse: Permanent contract with multinational. €1500 fortnightly
number of children: 2
Amount of Mortgage Interest Supplement received €230 due to end very soon.
Home loan
Lender: kbc
Amount outstanding: €240k
Value of home: €150-199k
Interest rate: variable
Payment of €1500 monthly before trs
Amount in arrears 0
Summary of discussions and agreements with the bank: none
Other loans and creditors
Overdraft€1000
Credit Card €6000
Credit Union Loan of €5,000 against shares of €2,000
Car loan none
Other savings andinvestments
Husband has stock options
How important is retaining the family home to you?
I don't care about keeping the family home.
Any other relevant information
We rent out our property for €1050 monthly.
We pay €1500 rent to live in a house in a better area. Moving back to our property is not an option. We pay €1000 childcare monthly. We are frequently left with no money at the end of the month. We pay huge fees to the bank every time they take out a standing order for gas etc and there's nothing in the account to cover it. We are living totally beyond our means but cant see how to rectify it. Rents in the area we are living in are €1300+. We need a 4 bed, hence we are paying €1500.
What is your preferred realistic outcome?
That we could sell our house and carry over the debt to a new mortgage. That instead of paying out nearly €2000 monthly on rent (including the shortfall on our own property) we would pay a bit less than that into a mortgage. Would any bank entertain us? We have zero savings. Would there be any point in keeping the house and continuing to rent it and buy again?
Net (i.e. after tax) Public Servant. Permanent position. €1550 fortnightly
Income history: Never been unemployed
Net income partner/spouse: Permanent contract with multinational. €1500 fortnightly
number of children: 2
Amount of Mortgage Interest Supplement received €230 due to end very soon.
Home loan
Lender: kbc
Amount outstanding: €240k
Value of home: €150-199k
Interest rate: variable
Payment of €1500 monthly before trs
Amount in arrears 0
Summary of discussions and agreements with the bank: none
Other loans and creditors
Overdraft€1000
Credit Card €6000
Credit Union Loan of €5,000 against shares of €2,000
Car loan none
Other savings andinvestments
Husband has stock options
How important is retaining the family home to you?
I don't care about keeping the family home.
Any other relevant information
We rent out our property for €1050 monthly.
We pay €1500 rent to live in a house in a better area. Moving back to our property is not an option. We pay €1000 childcare monthly. We are frequently left with no money at the end of the month. We pay huge fees to the bank every time they take out a standing order for gas etc and there's nothing in the account to cover it. We are living totally beyond our means but cant see how to rectify it. Rents in the area we are living in are €1300+. We need a 4 bed, hence we are paying €1500.
What is your preferred realistic outcome?
That we could sell our house and carry over the debt to a new mortgage. That instead of paying out nearly €2000 monthly on rent (including the shortfall on our own property) we would pay a bit less than that into a mortgage. Would any bank entertain us? We have zero savings. Would there be any point in keeping the house and continuing to rent it and buy again?