The house was valued yesterday between £210k and £220k. There is £183k outstanding on the mortgage. I am on a tracker and paying interest only so would like to sort as quickly as possible before interest rate go up and I end up paying out even more.
I earn £49k pa (but bonus last year of 14k). I my wife has a part time job earning £80 a week. There are no other real assets except usual household furniture
Debt wise I have 1k on an argos card and £500 with little woods. I intend
to pay both off at end of this month.
I don't think she has any debt (but could have?). Sure her bank overdraft is about 1k.
I am also paying my dad back £200 a month for a debt we owe him, ends in 2 years.
Could I just check... Am I paying £22 for every email I send you?
Thanks for clarification on that.
Monthly mortgage payment is £800. I have been paying the full amount of that for 6 months since I moved out. I was also paying all of the household bills until February this year, but she has now taken those over (£150 to £200 a month).
In principle we have agreed that I will pay £350 a month in child maintainence but obviously cannot start paying this until the house is sorted.
My step son is 10. She always denied that the father paid any maintenence but recently changed that to she receives £10 a month from him. To be honest, she could be getting more than that.