Case study Information required for mortgage arrears and negative equity questions

Discussion in 'Mortgage arrears & negative equity case studies' started by Brendan Burgess, 11 Jul 2012.

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  1. Brendan Burgess

    Brendan Burgess Founder

    Please copy and paste this post into a new thread. If you give comprehensive information, it will maximise your chances of getting comprehensive and useful results.

    Income details
    Net monthly
    (i.e. after tax) Income self: nature of income e.g. self-employed/public servant etc
    Income history: e.g. "I was made redundant in June 2011 and have not had any work since..."
    Net monthly income partner/spouse: nature of income
    Income history:
    Amount of child benefit received (Should be €130 per child)
    Amount of Mortgage Interest Supplement received (MIS is the social welfare payment to unemployed people, don't confuse with TRS)

    Personal circumstances so we can calculate your reasonable living expenses
    The Insolvency Service has published Guidelines for Reasonable Living Expenses based on the family size, whether or not you need a car for work, childcare costs and other exceptional circumstances. By filling in this information, we (or you ) can calculate what your reasonable monthly living expenses should be.
    One adult family or two adult family
    Do you need a car for work or do you use public transport?
    Number of children 0- 2 years old:
    Number of 3 years old children:
    Number of 4 - 11 years old:
    Number of 12 - 18 years old:
    Monthly childcare costs:
    Montly spend on special circumstances: e.g. exceptional healthcare costs

    Home loan
    Amount outstanding:
    Value of home:
    Interest rate: specify whether tracker or SVR or fixed rate
    Monthly repayment
    Amount in arrears

    Summary of discussions and agreements with the banke.g. in Marp since Jan 2011 . Have been on interest only since then.

    Investment property - Delete if not applicable
    Amount outstanding:
    Value of home:
    Interest rate:
    Monthly repayment
    Amount in arrears
    Monthly rent received

    Credit Union
    Amount of shares
    Amount of loan outstanding
    Monthly repayment
    Term left

    Other loans and creditors - delete those which don't apply to you
    Overdraft - amount outstanding:
    Credit Card - amount outstanding
    Credit Card - monthly amount you are paying
    Term loan Amount outstanding
    Term loan term left
    Term loan - monthly repayment
    Term loan - interest rate
    Family loan - amount outstanding
    Family loan - monthly repayment

    Other savings and investments

    Do you expect any lump sums in the medium term future?
    Redundancy, inheritances, injuries awards.

    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.
    I would like to keep it, but will get rid of it if it means I can get rid of the mortgage associated with it.
    I really want to keep the family home even if it means having a large mortgage and negative equity for years to come.

    Any other relevant information

    What is your preferred realistic outcome?
    For example: "I will never be in a position to repay the home loan. So I want to sell the house and deal with the shortfall"
  2. Wicklow23

    Wicklow23 Registered User

    How do I copy this form into a new post, it is clear my initial post did not have enough information.
  3. Bronte

    Bronte Frequent Poster

    Wicklow23 I'm glad you found this thread, I'm not good on technology, but if you click on Brendan's post at the bottom, the quote button it will copy and paste the details into a new post and you can go into that and fill in the data. Take your time, the more detail the better.
  4. elcato

    elcato Moderator

    Just adding to Bronte's post when you click the qoute and edit it accordingly with your figures, simply remove the [/QUOTE] athe the end and the
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