Stuckinarut
Registered User
- Messages
- 4
I have a joint mortgage, ex partner no longer pays anything towards the mortgage and will not going forward.
Currently living in PPR with new partner who pays "rent" towards the mortgage.
Personal and income details
Income self: Unemployed €188 p/w social welfare & €240 p/m childrens allowance
Income history: e.g. "I was made redundant in June 2012 and have not had any work since..."
Income partner/spouse: 0
Income history: Previously earned 27000 pa
number of children - 2
Amount of Mortgage Interest Supplement received - Zero as I am cohabbiting
Home loan
Lender: 307,000
Amount outstanding: 295000
Value of home: 90,000 max
Interest rate: 3.9 % SVR
Monthly repayment 1450. Currently paying 1000
Amount in arrears 2500
Have been on Interest only for past four years, currently paying interest & small amount of capital. New request in for interest only but cant afford either as now unemployed. Bank are proposing I pay off my personal loan and extend my mortgage b 12 years.
Other loans and creditors
Bank loan 10,000 @ 200pm
Other savings and investments
€10000 from redundancy payment
How important is retaining the family home to you?
Which of the following best describes your situation?
I don't care about keeping the family home.
Any other relevant information
What is your preferred realistic outcome?
I will never be in a position to repay the home loan. So I want to sell the house and deal with the shortfall. My ex partner wants nothing to do with the house and is now living in the UK so could easily apply to be bankrupt.
Currently living in PPR with new partner who pays "rent" towards the mortgage.
Personal and income details
Income self: Unemployed €188 p/w social welfare & €240 p/m childrens allowance
Income history: e.g. "I was made redundant in June 2012 and have not had any work since..."
Income partner/spouse: 0
Income history: Previously earned 27000 pa
number of children - 2
Amount of Mortgage Interest Supplement received - Zero as I am cohabbiting
Home loan
Lender: 307,000
Amount outstanding: 295000
Value of home: 90,000 max
Interest rate: 3.9 % SVR
Monthly repayment 1450. Currently paying 1000
Amount in arrears 2500
Have been on Interest only for past four years, currently paying interest & small amount of capital. New request in for interest only but cant afford either as now unemployed. Bank are proposing I pay off my personal loan and extend my mortgage b 12 years.
Other loans and creditors
Bank loan 10,000 @ 200pm
Other savings and investments
€10000 from redundancy payment
How important is retaining the family home to you?
Which of the following best describes your situation?
I don't care about keeping the family home.
Any other relevant information
What is your preferred realistic outcome?
I will never be in a position to repay the home loan. So I want to sell the house and deal with the shortfall. My ex partner wants nothing to do with the house and is now living in the UK so could easily apply to be bankrupt.