Hi Melanie Thanks for reply
Our current mortgage stands at £216k in which our monthly payments have now gone from a fixed rate of £940pm to over £1340 as now varible,our 2nd charge (secured) stands at £75,000k which is also varible which payments have gone from £560pm to £670pm but now back down to £597pm.
We also have a 3rd charge of £17k which monthly is £376pm,hence fiqure just over £2k its actually £2376pm altogether for secured monthly payments.
Unsecured is 3 loans which are made up of
1)lloyds/tsb loan settlement figure of £7900 monthly payments of £254pm
2)citifinancial loan settlement figure of £7200 monthly payments of £209pm
3)provident loan which is door to door loan i am not exactly sure of settlment figure on this as it is based weekly as to monthly but approx is £6k but 4 weekly payments are just under £500.
Thats the loans the four credit cards work out at approx £200pm
Our new mortgage offer is for £246500k figure of £1190pm fixed for 3yrs which left around £30,500k to pay off the 3rd charge & as much of the unsecured as possible which would free up alot more monthly cash, but as said before the 2nd charge will not allow this extra as it takes it over their 90% but they will allow the £30,500 to go to them to reduce our 2nd charge loan of £75k to £45k which decreases our monthly payments to them but not by as much as it would of with with the previous.
the new mortgage offer has gone back to the underwriters & they will let us know tomorrow if they will give the mortgage the go ahead and pay the 2nd charge the extra, they cannot believe the fuss this 2nd charge are making, but there you go.
So we don't know if we will be able to change our mortgage so we can get back on a fixed rate again even if its (like for like)so we are not stuck on this varible rate not knowing what we have to pay month to month.
With working everything out there is not much left with all the ut bills they come in at just under £500pm thats gas,electric,council tax,& phone package & with secured payments up and down like a yo yo & with everyday expenses food,petrol for 2 cars as both need for work and 2 big dogs,insurances etc the list goes on.
Realistically i would say £150pm but i would love to say more as i feel these debts are no one else's fault but ours and feel so bad as never missed payments in our life,but to keep up with the secured, so we do not lose our home this is all we could afford we think at the mo.
Thank you for any advice (sorry if its confusing)