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 mortgage and secured loan
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nicky35
Starting Member

United Kingdom
27 Posts

Posted - 17 May 2009 :  23:29:49  Show Profile  Reply with Quote
Hi Can anyone explain to me Section 4 on SOA
Amount owing.... we owe mortgage company 104000
What of yours
is claimed &what is its present value....... Valued at 100k
Net amount owing....Is it -£4k
Amount owing....... 28850 (for secured loan)
What of yours etc... ????
Net amount owing... ????

I'm totally confused never been any good at math (hence the BR!! thanks in advance

John
New Member



United Kingdom
73 Posts

Posted - 18 May 2009 :  00:01:32  Show Profile  Reply with Quote
Hi

on the 1st line - Amount Owing = £104000 ; What is claimed etc = address of the property and a figure of £100000 ; net amount = -£4000.

In the 2nd line - Amount owing = £28850 ; what is claimed etc = same address and a figure of -£4000 ; net amount = £32850.

Figure at the foot of the last column = -£32850.

John White
England Jackman & Spacey
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nicky35
Starting Member

United Kingdom
27 Posts

Posted - 18 May 2009 :  00:14:27  Show Profile  Reply with Quote
Thanks John much obliged!
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nicky35
Starting Member

United Kingdom
27 Posts

Posted - 18 May 2009 :  23:27:32  Show Profile  Reply with Quote
Hi
Can i ask does anyone know how much it is to buy back the BI off the OR for both myself and hubby is it one lot of £211 plus £1 +£1 or is it 2 lots of £211 (£422) +£2 ???? Also do we put down separately on each SOA our income and expeniture or do we write down the same on both? thank you very much for your patience guys!!
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Deedee
New Member

United Kingdom
60 Posts

Posted - 19 May 2009 :  10:22:00  Show Profile  Reply with Quote
It is around £211 plus £1 plus £1.

On each form you put the joint household bills and then the persons personal expenses. You then put your full wage/benefits and your OHs CONTRIBUTION to the JOINT household expenses.
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nicky35
Starting Member

United Kingdom
27 Posts

Posted - 20 May 2009 :  18:21:14  Show Profile  Reply with Quote
thanks Deedee
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