Hmm well no my income is not quite so dismal, I probably earn around 45K from my job, my property, while geared negatively at the moment, provides extra income to help service the existing loan.

Can you please explain the difference between usable equity and equity? I base my figures on what my bank evaluation has come back at and figure that the difference is "usable" however am a novice and not completely sure about really anything.

Thanks for the responses

Kat