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Topic starter
17/02/2013 11:23 am
Hi, my job is being relocated to England and I will be moving with it. I have 3 children, 2 who live with me who will be 18 in October. I have a mortgage at the moment and unsure of where I stand as far as housing and payments go. The rent in the area I would be moving to is higher than my mortgage payment. My mortgage is currently £383 a month and on moving the monthly rent would be £550 a month. I am just about 2 years into my PTD and my initial payments were £250 a month. My last review was in November and my payments were increased to £520 as I was no longer paying CSA to my ex husband for my eldest daughter who lived with him. In September this year I will lose my incoming CSA, child benefit and tax credit payments which adds up to £700 a month! Can the TD payments be reduced again so I would be able to afford the rent?
17/02/2013 1:02 pm
A full review would be needed as clearly several changes are happening at once. There is no reason why payments couldnt be lowered to take account of change in disposable income. Do you think you will still have money spare to put towards the TD?
Best idea is to have a good chat with your case manager to run through all thats happening.
I lived down near newbury in berkshire for a few years and loved it,only problem was it was too far from family for my liking.
Good luck with the move,
Paul
Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.
17/02/2013 1:10 pm
Hi may2011.
Paul is correct. Your new income and expenditure will need to be analysed. No harm in talking it through now with your trust deed contact.
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Topic starter
17/02/2013 4:47 pm
Thanks for both of your replies. Roughly working out, I would probably only be able to contribute about £100 to my trust deed which is a significant amount lower than I pay at the moment. As you say, I think the best thing is to speak to my case manager at length to clarify what's what with all the changes that are going to take place.
And thanks for the good wishes Paul!
17/02/2013 8:17 pm
Your trustee's job is to gather in whatever is available for creditors - it is quite normal that that figure is likely to go up and down over the course of a 3-year period.
The fact that you have been paying in more than was initially proposed to creditors means they can't really complain too much if it is now going to be a bit less.
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