Personal and income details
Income self: public servant 40,000
Income history: 10 years public service - full time
Income partner/spouse: ex spouse - not sure of amount cant/wont pay
Income history:
number of children: 2 (one in creche full time)
Amount of Mortgage Interest Supplement received: 160 per month but near the end - bought first house in 2006
Home loan
Lender: ICS
Amount outstanding: 258,000
Value of home: Bank says 180,000
Interest rate: fixed 4.05 up in Feb 2013
Monthly repayment: should be 1306.00 1000 for 3 months from April 30th to June 30th. They have since agreed to keep it at 1000 for a further 6 months.
Amount in arrears: 3 months paid 1000 instead of 1301 so not much
Summary of discussions and agreements with the bank. In MARP since April - well contacted the bank at that time. They have agreed reduced mortgage of 1000 based on my earnings only. They have met with ex also to see if he could move in, rent out rooms and take over the mortgage and they said no - they said we could sell and pay back 80,000 neg equity which I couldnt afford with 2 children - ie: would have to rent a home with rent prices higher than what I am currently paying and also pay back negative equity.
Other loans and creditors - delete those which don't apply to you
Credit Union e.g. Loan of €8000 against shares of €3100
Other savings and investments
0
Any other relevant information
What is your preferred realistic outcome?
I have had a good few replies already but Brendan's template reads much easier when its down on paper. I want to move on as does my ex. If we are to do that one of us has to come off the mortgage which we cant, which I understand but I cannot pay the full amount on my salary (as agreed by ICS). So any advice is appreciated. Thanks.
Income self: public servant 40,000
Income history: 10 years public service - full time
Income partner/spouse: ex spouse - not sure of amount cant/wont pay
Income history:
number of children: 2 (one in creche full time)
Amount of Mortgage Interest Supplement received: 160 per month but near the end - bought first house in 2006
Home loan
Lender: ICS
Amount outstanding: 258,000
Value of home: Bank says 180,000
Interest rate: fixed 4.05 up in Feb 2013
Monthly repayment: should be 1306.00 1000 for 3 months from April 30th to June 30th. They have since agreed to keep it at 1000 for a further 6 months.
Amount in arrears: 3 months paid 1000 instead of 1301 so not much
Summary of discussions and agreements with the bank. In MARP since April - well contacted the bank at that time. They have agreed reduced mortgage of 1000 based on my earnings only. They have met with ex also to see if he could move in, rent out rooms and take over the mortgage and they said no - they said we could sell and pay back 80,000 neg equity which I couldnt afford with 2 children - ie: would have to rent a home with rent prices higher than what I am currently paying and also pay back negative equity.
Other loans and creditors - delete those which don't apply to you
Credit Union e.g. Loan of €8000 against shares of €3100
Other savings and investments
0
Any other relevant information
What is your preferred realistic outcome?
I have had a good few replies already but Brendan's template reads much easier when its down on paper. I want to move on as does my ex. If we are to do that one of us has to come off the mortgage which we cant, which I understand but I cannot pay the full amount on my salary (as agreed by ICS). So any advice is appreciated. Thanks.