S
snax123
Guest
Age: 38
Spouse’s/Partner's age: 37
Annual gross income from employment or profession: 48000
Annual gross income of spouse: on career break (civil servant)
Type of employment: e.g. Civil Servant, self-employed civil servant
In general are you:
(a) spending more than you earn, or
(b) saving?
ans: a
Rough estimate of value of home 260000
Amount outstanding on your mortgage: 225000
What interest rate are you paying? 5.6% fixed for next three years
Other borrowings – car loans/personal loans etc
bank loan 19000 at 560pm
c u 33k at 350 per fornight (used to clear cc debts )
family loan 7k. - 50 per week
Do you pay off your full credit card balance each month? have agreement for 80 per month on remaining balance
If not, what is the balance on your credit card? 4k
Savings and investments:none
Do you have a pension scheme? gov pension
Do you own any investment or other property? no
Ages of children: 5, 3
Life insurance: life policy - 130 per mth - want to switch to mortgage protection only
What specific question do you have or what issues are of concern to you?
we have huge debts of 55k, would we be better to sell house if we can - pay off debts and rent for a few years and then try to buy
p.s. work won't let me return as i signed up to career break until 2011 so i can't fight case until then.
Spouse’s/Partner's age: 37
Annual gross income from employment or profession: 48000
Annual gross income of spouse: on career break (civil servant)
Type of employment: e.g. Civil Servant, self-employed civil servant
In general are you:
(a) spending more than you earn, or
(b) saving?
ans: a
Rough estimate of value of home 260000
Amount outstanding on your mortgage: 225000
What interest rate are you paying? 5.6% fixed for next three years
Other borrowings – car loans/personal loans etc
bank loan 19000 at 560pm
c u 33k at 350 per fornight (used to clear cc debts )
family loan 7k. - 50 per week
Do you pay off your full credit card balance each month? have agreement for 80 per month on remaining balance
If not, what is the balance on your credit card? 4k
Savings and investments:none
Do you have a pension scheme? gov pension
Do you own any investment or other property? no
Ages of children: 5, 3
Life insurance: life policy - 130 per mth - want to switch to mortgage protection only
What specific question do you have or what issues are of concern to you?
we have huge debts of 55k, would we be better to sell house if we can - pay off debts and rent for a few years and then try to buy
p.s. work won't let me return as i signed up to career break until 2011 so i can't fight case until then.