J
JM13
Guest
Our mortage is currently approx 1250.00 per month, we decided in december to arrange a meeting with the bank as we are constantly broke and having to borrow from people every month to ensure all the bills get paid.
Let me add we have never missed a repayment.....
we both work, but haved taken huge wage cuts, my husbands wages have been halfed within the last 2 years. we completed the banks sheet regarding outgoings etc, and we are currently -700.00 at the end of each month.
Today we received a letter stating, we are to be given interest only for 6 month
= Org amount 1632.76,
now 1322.42 - trs 217.62 = 1104.80
also we received a letter detailing the TRS saying our Org amount is 1561.54 .... difference of 71.22
2 things -
Does anyone know why they have given us different org amounts - would i be right to think the 1561.54 is correct as it states from 01/01/2012?
Also does anyone think that offering us a saving of 150.00 approx per month when we are currently -700.00 at the end of each month is plain stupid, how in gods name does this help?
Also in six months when this period is up, our orginal repayment will be higher than ever as we need to repay the difference?????
we are due to go on a tracker in september but by then they may have their keys back.....and help or suggestions about this,
Any advice would be great
Let me add we have never missed a repayment.....
we both work, but haved taken huge wage cuts, my husbands wages have been halfed within the last 2 years. we completed the banks sheet regarding outgoings etc, and we are currently -700.00 at the end of each month.
Today we received a letter stating, we are to be given interest only for 6 month
= Org amount 1632.76,
now 1322.42 - trs 217.62 = 1104.80
also we received a letter detailing the TRS saying our Org amount is 1561.54 .... difference of 71.22
2 things -
Does anyone know why they have given us different org amounts - would i be right to think the 1561.54 is correct as it states from 01/01/2012?
Also does anyone think that offering us a saving of 150.00 approx per month when we are currently -700.00 at the end of each month is plain stupid, how in gods name does this help?
Also in six months when this period is up, our orginal repayment will be higher than ever as we need to repay the difference?????
we are due to go on a tracker in september but by then they may have their keys back.....and help or suggestions about this,
Any advice would be great