Nobbin
-
Posts
6 -
Joined
-
Last visited
-
Just to clarify they aren't looking to offer the £500pm. There is £500 per month available left after food and bills. We are looking to work out what would be a reasonable offer to make to clear the arrears from that.
-
As the poor family haven't had a holiday in three years, they could only wish for a Maldive trip at this point sadly. It was due to a combination of urgent house repairs, a serious car problem and her children starting secondary school. A perfect storm of circumstances that would be very unlikely ever to occur again. At the moment the plan is to be able to pay thebusual monthly amount ongoing. In December she is paying an additional £650 towards the arrears unasked for and will do the same again in January. Then on Feb/March to clear as much as she can. However from the figures I mentioned above would £100 or £130 per month towards the arrears Seem reasonable. I don't think they want to add it to the term And would rather clear it over the next year or two. But are those figures reasonable ?
-
I believe there is around 12 years left to run of a 25 year term
-
God sorry, my phone corrected cmp - contractual monthly payment.
-
Forgot to add they will be in a position to make a lump sum Payment of £625 towards the arrears this month and next month in additional to the mp
-
Hi I'm hoping you can help my sister with this quandary. She has some mortgage arrears for various reasons but they are now wanting to sort this issue out. A court hearing has been booked but her mortgage company have called and said they are willing to help and look at options. The arrears are around £5800. Going forward they can pay the contractual monthly payment plus an amount towards the arrears. The mortgage company say they will consider this but a i and e form must be completed. So I'm trying to help her work out what might be seen as a reasonable offer Their income is £2700 pm and essential dd etc including mortgage is £1715. On top of that we've allowed for food and a few other bits. So the remains non essential balance pm is £500. How much of that should she offer and leave herself for entertainment, unexpected expenses etc which would seem fair to mortgage company or potentially a judge.
