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lost_the_plot
Starting Member
United Kingdom
11 Posts |
 Posted - 26 October 2009 : 18:29:06
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Hi all,
All in, i'm having a rare good day today. I even went over to the local county court to pick up the necessary BR forms. I was nervous going in, but to be honest, after I spoke to the BR Clerk for a while, nerves subsided and he turned out to be a nice helpful chap. What people have said on this forum about the BR officials being helpful seems to ring true so far.
Anyway, I'm sitting here trying to fill in the forms!!!, so please please would someone help with some advice....
Section 1.17: asks if if I've been involved with the management of a company. The answer is 'yes' but should I put details of company AND a job description/title?
Section 3.1.8: Fixtures and fittings, we dont have any of any real value. Just the usual such as washing m/c, fridge, microwave, cooker. They are all over 5 years old. Can I put 'none' in the box?
Section 3.1.14: Do i need to give details of the car we do own (wifes) and the one that I dont own but have use of? (mine)
Thanks in advance
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debtinfo
forum expert
2826 Posts |
Posted - 26 October 2009 : 21:03:45
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Hi section 1.17 refers to if you have been a director or company secretary of a limited company, if you have just been a paid manager there is no need to fill this bit in.
Section 3.1.8 F&F's refers to businesses for instance if you have shelves if you were running a shop or tables and chairs if you were running a cafe, it doesent apply to household goods
section 3.1.14 do you own the one your wife drives, i presume the other one you drive is on finance and this one should be put down |
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lost_the_plot
Starting Member
United Kingdom
11 Posts |
Posted - 26 October 2009 : 22:59:38
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Thanks Debtinfo, I'll alter the form.
We jointly own one car and the others actually owned by my parents, but I've had a word with them and they do have a bill of sale from the previous owner so all should be ok.
Some other questions that have totally confused me is how do I show the negative equity on my house.
My mortgage is 132K.
House is valued currently at 80K
We want to stay in the house and continue paying the mortgage.
I've filled in section 4 (list of secured creditors) as:
Amount owing :- 132K
Present value :- 80K
Net amount owing :- 52K
Is this correct, I've been reading through previous posts but am now totally confused!!!
Please help someone.
The other point is do I list my overdrafts in Section 4 (list of unsecured creditors)?
And where doI list things like Council tax, gas, electricity, house insurance etc. We've always paid these by DD on a monthly basis.
Please help - heads going to explode... |
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debtinfo
forum expert
2826 Posts |
Posted - 27 October 2009 : 07:15:26
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yep, you have done the mortgage corrctly, it also goes in section 8.1
overdrafts go in section 4 and section 5.4, the cerd details also go in sec 5.2
bills only go in section 4 if you are in arrears, eveyday expenses go in section 7 |
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lost_the_plot
Starting Member
United Kingdom
11 Posts |
Posted - 27 October 2009 : 10:09:52
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I think people need a bit of 'hand holding' at times like these. I really wish there was an 'idiots guide to going BR', probably be one of the most read books in the local library!
Anyway, thanks for the help, it's very much appreciated.
Probably more questions later tho... |
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lost_the_plot
Starting Member
United Kingdom
11 Posts |
Posted - 27 October 2009 : 10:40:00
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In section 3.1.9 - freehold land & property, can I just put 'home address' or the full address of my house?
In section 3.3 - in last column where it asks name & address of any concern holding security over policy, what goes in there?? |
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lost_the_plot
Starting Member
United Kingdom
11 Posts |
Posted - 27 October 2009 : 16:58:58
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| Anyone please? |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 27 October 2009 : 18:24:25
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Section 3.1.9 - put in the home address.
Section 3.3 is concerning life insurance policies. If you have one then you need to include the details and the name and address part refers to the supplier of the policy so put their contact details in this section. |
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lost_the_plot
Starting Member
United Kingdom
11 Posts |
Posted - 27 October 2009 : 19:16:00
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Thanks for that.
I've entered name and address of life company in first column,
Do I then put the same details in the far right column?
Sorry i'f i'm a bit confused. |
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debtinfo
forum expert
2826 Posts |
Posted - 27 October 2009 : 20:52:34
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| Hi, the part about security refers to if the policy is assigned (linked)to anything else. most usually this would be where an endowment policy is assigned to the mortgage on the house |
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