loneparent
Registered User
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Hi looking for some advice. I have applied with KBC to remove ex from mortgage .They are saying it could take up to 3 months for them to decide .
I have completed the case study template and was wondering what my chances are of the bank approving and if they say no what or my options then ?
Personal and income details
Income self: private Sector 78,000
Income history: 18 years 2 Months - full time
Income partner: ex partner - Job seekers allowance not sure of amount - can’t pay
Income history: Not worked in 7 years .
Number of children: 2
Amount of Mortgage Interest Supplement received: 37
Home loan
Lender: KBC
Amount outstanding: 227920
Value of home: Not sure waiting on valuation similar house in area sold recently for 255000
Interest rate: 4.5%
Monthly repayment: 1400
Amount in arrears: 0
Summary of discussions and agreements with the bank. Home loan was restructured last July by capitalizing arrears of 10500. No payments missed since.
Other loans and creditors –
Credit Loan of €20500 against shares of 4000 restructured to 400 pm
Advent credit card -outstanding balance 3520 payment restructured to 80 pm
Aib credit card -Outstanding balance 3083 payment restructured to 80 pm
Board Gas Finance- Outstanding balance 452 restructured to 49 pm
Other savings and investments
1600 shares – these wont mature until 2017
Any other relevant information
I have applied to remove my ex –partner from the mortgage .
He has not resided at in the family home since September 2009. Any payments made to the mortgage have been completed entirely by me. I also paid the deposit of 27500 and the stamp duty original loan was 264000. Ex lived in home for 5 years. Ex has agreed to allow me to take over the mortgage in my name.
Home loan was restructured last July by capitalizing arrears of 10500. No payments missed since.
No child care cost as ex does this.
I would have a bad credit rating based on missed payments etc
What is your preferred realistic outcome?
I want to move on as does my ex. Ideally remove him from the mortgage and keep the family home .
I have completed the case study template and was wondering what my chances are of the bank approving and if they say no what or my options then ?
Personal and income details
Income self: private Sector 78,000
Income history: 18 years 2 Months - full time
Income partner: ex partner - Job seekers allowance not sure of amount - can’t pay
Income history: Not worked in 7 years .
Number of children: 2
Amount of Mortgage Interest Supplement received: 37
Home loan
Lender: KBC
Amount outstanding: 227920
Value of home: Not sure waiting on valuation similar house in area sold recently for 255000
Interest rate: 4.5%
Monthly repayment: 1400
Amount in arrears: 0
Summary of discussions and agreements with the bank. Home loan was restructured last July by capitalizing arrears of 10500. No payments missed since.
Other loans and creditors –
Credit Loan of €20500 against shares of 4000 restructured to 400 pm
Advent credit card -outstanding balance 3520 payment restructured to 80 pm
Aib credit card -Outstanding balance 3083 payment restructured to 80 pm
Board Gas Finance- Outstanding balance 452 restructured to 49 pm
Other savings and investments
1600 shares – these wont mature until 2017
Any other relevant information
I have applied to remove my ex –partner from the mortgage .
He has not resided at in the family home since September 2009. Any payments made to the mortgage have been completed entirely by me. I also paid the deposit of 27500 and the stamp duty original loan was 264000. Ex lived in home for 5 years. Ex has agreed to allow me to take over the mortgage in my name.
Home loan was restructured last July by capitalizing arrears of 10500. No payments missed since.
No child care cost as ex does this.
I would have a bad credit rating based on missed payments etc
What is your preferred realistic outcome?
I want to move on as does my ex. Ideally remove him from the mortgage and keep the family home .