I am a bit confused. You seem to have a husband and a spouse. I don't think that the Insolvency Service's guidelines can adapt to that.
Could you clarify your personal situation please.
Reasonable Living Expenses:
Total Before Deductions - 2,080.93
Third/Fourth Child Adjustment - 0.00
Less Child Benefits - (260.00)
Total Set Costs - 1,820.93
Special Circumstances - 150.00
Total Costs - 1,970.93
Available For Creditors:
Net Income - 476.00
Net Income - Partner - 1,395.00
MIS - €100
Mainentance - €200
Total Net Income - €2,171
Reasonable Living Expenses - 1,970.93
Available For Mortgage - €201
As you can contribute only €200 a month towards your mortgage, Ulster Bank will not be able to offer you a long term solution, other than repossession. UB don't do split mortgages. They might offer you a temporary interest rate reduction.
If you have both been unemployed since 2008, how did you pay your mortgage? Was it from savings.
What are your employment prospects like?
When your personal situation is clearer, we might be able to offer more meaningful suggestions.
Employment prospects, very high i'd like to think my husband gains a qualification and is determined to return to employment, so we definitely need a further 6months assistance from the bank
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