well all i said i would let you know how i got on, here goes:
the house will be sold, we will have up to 2 yrs here which we knew, the property part goes to a seperate trustee so will know more about the BI when he takes over.
hubby can keep his car as over 10 yrs and of no real value, mine will go but they are not allowing me provision for one as there is public transport, i don't know how they worked that one out as i have 3 kids to see to as well as disabled parents, it will mean leaving the house at 7.30 and arriving home at 7 so will have to rely on others for the kids which is not going to be feasable in the long run, it also means their football will have to stop as i will not be able to take them when hubby is away so really feel for them when i have to explain all this.
My income and expenditure was far too low he said, i had put down 650 per month for family of 5 he said this was a bit excessive and would normally only allow 500 i explained that i had included school lunches and also provision for my husband needing to have money to feed himself whilst away so that was acceptable and he allowed me the 650, he allowed all the utilities and insurances that i had put down, he disallowed, contingency fund of 50, sky at 25, kids football clubs 31, and supplies for computer at 20, however my clothing allowance per month i had set at 50 and he said come on be realistic you have 3 growing kids i am setting that at 200 per month, he also said the holiday fund at 50 was to low and would only equate to 600 for famuly of 5 per year, ( i took my figures from insolv site) he said we are looking in the region of 1500 per year so i am upping that to 200 also which means with all the changes we were left with a surplus of 56 so he said no IPA so that was good news also.
i was in there for 1 1/2 hrs, they interview you seperately but he allowed me to stay in with hubby as he only took 10 mins as he was happy with my narrative and would be using that for both of us, what i would advise is they ask you what you spent the money on so make sure you are prepared to answer that one especially on the bigger loans and your figures add up, he also asked in one sentence how did i become BR and was there anything specific, said the reduction of tax credits but he said that was not acceptable and guided me in my answers so basically i said because we lived above our means, an he said that is why everyone is made BR so that was ok, it was not an interrogation and was all very friendly, he said he wanted no paperwork off me, they like to take as little as poss both our pensions are fine as they are not due to be paid out until 2012, and that was it, he doesn;t think he will need to interview us again, we will hear off them in 3 months to redo I/E and that was it.
so apart from the car everything was fine he is telephoning me in regards to the car as i gave wrong reg plate last week must have been nerves, to see its value but i will not be allowed to keep it, so as of now i have no way of getting to work when hubby away.
it was shattering but i am so glad its all over
kerri
Please view my blog at:
http://scaredkez.blogs.iva.co.uk/
or buildings insurance etc. 