Okay, hypothetical question.

Income: £100,000
Value of house: £700,000
Monthly Mortgage Repayment: £9,500
Mortgage Term: 15 years

What could the CSA1 system claim?  Techcnically I would have £500 per month 
left to live on, ignoring ALL other bills.

G.

Income = £100,000
Mortgage = £9,500 a month = £114,000 a year.
Loss = £14,000 a year.

So how come you have £500 a month (£6,000) a year left to live on??

If I were the CSA, I'd be involving the tax man!

Sorry I haven't answered the original question- there are others here who 
are far more qualified than me to answer that.

Think they'll need other details like how many children, what ages, how much 
is your council tax?
Been a while since I was 'done', so can't remember exactly whats taken into 
account.

A

"news.btinternet.com"  wrote in message 
news:VbKdnaZKstN6-6XanZ2dnUVZ8vCdnZ2d@bt.com...
> Okay, hypothetical question.
>
> Income: £100,000
> Value of house: £700,000
> Monthly Mortgage Repayment: £9,500
> Mortgage Term: 15 years
>
> What could the CSA1 system claim?  Techcnically I would have £500 per 
> month left to live on, ignoring ALL other bills.
>
> G.
>

CSA1 allows maximum of 50% net income to pay mortgage.

So, if you take home £10k per month CSA1 only allows
£5k mortgage cover.  And by my crude reckoning, they'll
look to shaft you for 30% of the remainder.  £1500 per
month, or £18000 per annum.