S
simonfoley
Guest
Age: 33
Spouse’s/Partner's age: 30
Annual gross income from employment or profession: 44,000 gross
Annual gross income of spouse: 20,000 gross
Type of employment: both self-employed construction related+secretarial
In general are you spending more than you earn or are you saving? spending
Rough estimate of value of home, 320,000 (realisticaly)
Amount outstanding on your mortgage: 355,000
What interest rate are you paying? 5.35% - 1900pm
Other borrowings – car loans/personal loans etc
car loan 11k left to pay off
mnba credit card 7k owed
tesco credit card 4k owed and coming off interest free period soon
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card? 11k
Savings and investments: 3,000 savings
Do you have a pension scheme? no
Do you own any investment or other property? no
Ages of children: 2
Life insurance: 1,100
What specific question do you have or what issues are of concern to you?
my wife is currently pregnant with our second child. we will badly need to get a house as the current 2 bedroom apartment is not big enough for the 3 of us, let alone an extra new baby. the problem is that we have no equity built up in our home. infact, i think the apratment is more likely to be in negative equity. were also feeling day to day spending pressures, my overtime is less than last year and were barely able to make our mortgage. we tried talking to the bank and credit union to consolidate our other loans into mortgage with a top up, but they said no.
help advice?
Spouse’s/Partner's age: 30
Annual gross income from employment or profession: 44,000 gross
Annual gross income of spouse: 20,000 gross
Type of employment: both self-employed construction related+secretarial
In general are you spending more than you earn or are you saving? spending
Rough estimate of value of home, 320,000 (realisticaly)
Amount outstanding on your mortgage: 355,000
What interest rate are you paying? 5.35% - 1900pm
Other borrowings – car loans/personal loans etc
car loan 11k left to pay off
mnba credit card 7k owed
tesco credit card 4k owed and coming off interest free period soon
Do you pay off your full credit card balance each month? no
If not, what is the balance on your credit card? 11k
Savings and investments: 3,000 savings
Do you have a pension scheme? no
Do you own any investment or other property? no
Ages of children: 2
Life insurance: 1,100
What specific question do you have or what issues are of concern to you?
my wife is currently pregnant with our second child. we will badly need to get a house as the current 2 bedroom apartment is not big enough for the 3 of us, let alone an extra new baby. the problem is that we have no equity built up in our home. infact, i think the apratment is more likely to be in negative equity. were also feeling day to day spending pressures, my overtime is less than last year and were barely able to make our mortgage. we tried talking to the bank and credit union to consolidate our other loans into mortgage with a top up, but they said no.
help advice?