Posted: Thu Jul 26, 2007 6:30 pm
BR Update I & E
Sorry this is a big post !!
Two weeks ago I went BR and I had my full telephone interview.
My telephone interview with the "examiner" lasted nearly 2 hours !
It was not horrible but it was hard work.
Each of my debts was gone over in depth, what was it spent on etc.
Basically the examiner was making sure that I entered the BR
fraudulently.
While I know that I hadn't done anything wrong I was made to feel
uncomfortable ,
there again my examiner is an ex copper.
We went over the situation with my home, and I must admit to being a
little puzzled about this,
The leaflets and web site say that I could keep the house for up to 1
year, the examiner said that it would be 3 years
before they became interested in the equity , if I wanted to get rid of it before then I would have to speak to my Blding Socy as they were the secured lender.
I have two vehicles, a W reg car worth around £1000 , and an L reg
motorbike worth around £900.
I was allowed to keep one ( I really need a vehicle for work as I do
all hours call out ).
The examiner will arrange for someone from the local vehicle
auctioneers to come and collect my bike
and then sell it.
Once that was sorted out we went over the Income & Expenditure.
The Examiner was clearly referring to a list of acceptable figures but
was willing to adapt when I could justify the difference.
Note - no allowance was permitted for Holidays , birthdays or
contingency. I did query that but was told NO .
If my 7 yr old washing machine packs in I was advised to rent one.
However the 'benefits' that I receive for my daughter Child benefit &
Tax credit were not counted as part of my income
Please bear in mind that I am a single parent, my daughter is 14 yrs
old, she is 5ft 11, has size 11 feet and a 38 bust .
She is adult size and allowances were made on that basis.
These are not the figures that I asked for these are the figures
allowed to me.
Each item of expenditure was gone over.
Housekeeping of £300 is more than normal for 1 adult and 1 child .
But we are both giants and need oor porridge !
Utility bills are backed up by bills/bank statements,
I am having a battle with Npower about my estimated gas bill but was
allowed it as that's what I am paying.
Phones, the OR will cancel any contracts, you must use pay as U go.
I could show phone bills in excess of £100 per month ( I have a teenage daughter ) after discussion was allowed £60 to get a package sorted out .
This includes broadband - used for education and my work ( IT ) .
Clothing - one school polo shirt for my daughter costs £16 ( that's a
state school ! ), the cost of shoes scares me.
Vehicle maintenance and breakdown cover - my breakdown cover is £8
pm.
Hairdressing - Allowed £10 each that means sproglette gets the lot !
Medical/dental/specs - my daughter is under 16 so gets free stuff £5 pm allowed for me. I wear specs.
Pet care - max allowed £20 we have one Jayne Russell and a kitten.
Wages 1500.00
Chb / tax credit 116.00 ( not counted )
Mortgage 457.00
Housekeeping 300.00
Gas 88.00
Electric 50.00
Water 30.00
phone 60.00
petrol/travel 60.00
clothing 60.00
council tax 80.00
vehicle tax/mot 18.00
vehicle Ins 37.00
home ins 17.00
veh maint/breakdown 25.00
breakdown ins
pets care/food 20.00
hairdressing 20.00
medical/dental/specs 5.00
TV license 12.00
hol/birthdays 0.00
contingency white goods 0.00
house maint 0.00
Total 1339.00
Surplus Income less expenditure 1500.00 - 1339.00 = 161.00
IPA payable per month for 3 years £ 80
Once my tax is zero rated I will also have to pay that to the OR until
the end of the current tax year.
My total debt was
£93 k secured N/Rock Together Mortgage
I still continue to pay this .
£20 k unsecured N/rock Together Mortgage
£23 k RBS loan
£2.6 k HBOS credit card
£.9 k RBS credit t card
There is currently about £20 k equity on my house.
My period of BR will last for 12 months or possible less .
=================================
I am still trying to come to terms with it all, we have been struggling for some time , paying the creditors but not managing to do much else.
My 'normal' food bill has been about £27 per week for the two of us and the pets. As you can guess that has been ..errr... difficult.
I get paid tomorrow and am really looking forward to buying a decent
jar of coffee that doesn't say value on it or taste of dust !
Slainge
Mish
[:)]
Sorry this is a big post !!
Two weeks ago I went BR and I had my full telephone interview.
My telephone interview with the "examiner" lasted nearly 2 hours !
It was not horrible but it was hard work.
Each of my debts was gone over in depth, what was it spent on etc.
Basically the examiner was making sure that I entered the BR
fraudulently.
While I know that I hadn't done anything wrong I was made to feel
uncomfortable ,
there again my examiner is an ex copper.
We went over the situation with my home, and I must admit to being a
little puzzled about this,
The leaflets and web site say that I could keep the house for up to 1
year, the examiner said that it would be 3 years
before they became interested in the equity , if I wanted to get rid of it before then I would have to speak to my Blding Socy as they were the secured lender.
I have two vehicles, a W reg car worth around £1000 , and an L reg
motorbike worth around £900.
I was allowed to keep one ( I really need a vehicle for work as I do
all hours call out ).
The examiner will arrange for someone from the local vehicle
auctioneers to come and collect my bike
and then sell it.
Once that was sorted out we went over the Income & Expenditure.
The Examiner was clearly referring to a list of acceptable figures but
was willing to adapt when I could justify the difference.
Note - no allowance was permitted for Holidays , birthdays or
contingency. I did query that but was told NO .
If my 7 yr old washing machine packs in I was advised to rent one.
However the 'benefits' that I receive for my daughter Child benefit &
Tax credit were not counted as part of my income
Please bear in mind that I am a single parent, my daughter is 14 yrs
old, she is 5ft 11, has size 11 feet and a 38 bust .
She is adult size and allowances were made on that basis.
These are not the figures that I asked for these are the figures
allowed to me.
Each item of expenditure was gone over.
Housekeeping of £300 is more than normal for 1 adult and 1 child .
But we are both giants and need oor porridge !
Utility bills are backed up by bills/bank statements,
I am having a battle with Npower about my estimated gas bill but was
allowed it as that's what I am paying.
Phones, the OR will cancel any contracts, you must use pay as U go.
I could show phone bills in excess of £100 per month ( I have a teenage daughter ) after discussion was allowed £60 to get a package sorted out .
This includes broadband - used for education and my work ( IT ) .
Clothing - one school polo shirt for my daughter costs £16 ( that's a
state school ! ), the cost of shoes scares me.
Vehicle maintenance and breakdown cover - my breakdown cover is £8
pm.
Hairdressing - Allowed £10 each that means sproglette gets the lot !
Medical/dental/specs - my daughter is under 16 so gets free stuff £5 pm allowed for me. I wear specs.
Pet care - max allowed £20 we have one Jayne Russell and a kitten.
Wages 1500.00
Chb / tax credit 116.00 ( not counted )
Mortgage 457.00
Housekeeping 300.00
Gas 88.00
Electric 50.00
Water 30.00
phone 60.00
petrol/travel 60.00
clothing 60.00
council tax 80.00
vehicle tax/mot 18.00
vehicle Ins 37.00
home ins 17.00
veh maint/breakdown 25.00
breakdown ins
pets care/food 20.00
hairdressing 20.00
medical/dental/specs 5.00
TV license 12.00
hol/birthdays 0.00
contingency white goods 0.00
house maint 0.00
Total 1339.00
Surplus Income less expenditure 1500.00 - 1339.00 = 161.00
IPA payable per month for 3 years £ 80
Once my tax is zero rated I will also have to pay that to the OR until
the end of the current tax year.
My total debt was
£93 k secured N/Rock Together Mortgage
I still continue to pay this .
£20 k unsecured N/rock Together Mortgage
£23 k RBS loan
£2.6 k HBOS credit card
£.9 k RBS credit t card
There is currently about £20 k equity on my house.
My period of BR will last for 12 months or possible less .
=================================
I am still trying to come to terms with it all, we have been struggling for some time , paying the creditors but not managing to do much else.
My 'normal' food bill has been about £27 per week for the two of us and the pets. As you can guess that has been ..errr... difficult.
I get paid tomorrow and am really looking forward to buying a decent
jar of coffee that doesn't say value on it or taste of dust !
Slainge
Mish
[:)]