St. Bernard
Registered User
- Messages
- 149
Hi Brendan
Could you offer any advice on the following.
We are married but seperated in May 2011. We have joint custody of our 2 children. Not legally seperated yet as the house / mortgage is the big sticking point.
Personal and income details
Income self: €42,000 Private Sector
Income history: Safe enough job but no pay rises in last 3 years and none expected soon.
Income partner/spouse: €0 Stay at Home mom
Income history: Has not worked since birth of first child in 2006
number of children 2
Amount of Mortgage Interest Supplement received €0
Home loan
Lender: PTSB
Amount outstanding: €285,000
Value of home: €150,000 approx
Interest rate: Tracker + 1.85%
Monthly repayment Currently €332 interest only. Should be €1,100 approx
Amount in arrears €0
Summary of discussions and agreements with the bank In Marp since May 2011 . Have been on mortgage moratorium then interest only since then.
Other savings and investments
€0
How important is retaining the family home to you?
Very important as it is my children’s home.
Any other relevant information
I am currently renting a house for €750 pm.
I am paying €500 pm into mortgage account.
I am paying €800 per month maintenance.
Left with approx 700 per month for bills, food, petrol etc.
Reality is this mortgage will never be repaid.
Thanks in advance.
Could you offer any advice on the following.
We are married but seperated in May 2011. We have joint custody of our 2 children. Not legally seperated yet as the house / mortgage is the big sticking point.
Personal and income details
Income self: €42,000 Private Sector
Income history: Safe enough job but no pay rises in last 3 years and none expected soon.
Income partner/spouse: €0 Stay at Home mom
Income history: Has not worked since birth of first child in 2006
number of children 2
Amount of Mortgage Interest Supplement received €0
Home loan
Lender: PTSB
Amount outstanding: €285,000
Value of home: €150,000 approx
Interest rate: Tracker + 1.85%
Monthly repayment Currently €332 interest only. Should be €1,100 approx
Amount in arrears €0
Summary of discussions and agreements with the bank In Marp since May 2011 . Have been on mortgage moratorium then interest only since then.
Other savings and investments
€0
How important is retaining the family home to you?
Very important as it is my children’s home.
Any other relevant information
I am currently renting a house for €750 pm.
I am paying €500 pm into mortgage account.
I am paying €800 per month maintenance.
Left with approx 700 per month for bills, food, petrol etc.
Reality is this mortgage will never be repaid.
Thanks in advance.