GoldenApple
New Member
- Messages
- 2
Personal details
Age: 46
Spouse's age: 42
Number and age of children: 1 child, 16
Income and expenditure
Annual gross income from employment or profession: 62k
Annual gross income of spouse/partner: 80k
Monthly take-home pay: 8,200 (combined)
Type of employment - Public sector (myself); Private company (spouse)
Summary of Assets and Liabilities
Family home value: 550k
Mortgage on family home: 350k
Net equity: 200k
Buy to Let Property value: No
Buy to let Mortgage: No
Family home mortgage information
Interest rate 2.1%
Type of interest rate: fixed for 4 years, 2.5 remaining
Remaining term: 24 years
Monthly repayment: 1,650
Other borrowings – car loans/personal loans etc
No car loans
Do you pay off your full credit card balance each month? yes
Pension information
Public sector pension for 15 years.
Buy to let properties - None
What specific question do you have or what issues are of concern to you?
I'm currently considering taking a car loan of 30,000 euro to buy a car. But I'm also concerned this will affect our borrowing ability in the future (e.g. next year) when we want to take another mortgage to purchase a 2nd property, a buy to let property. May I ask your advice if I should take this car loan now or wait until we get the 2nd mortgage approved? Many thanks.
Age: 46
Spouse's age: 42
Number and age of children: 1 child, 16
Income and expenditure
Annual gross income from employment or profession: 62k
Annual gross income of spouse/partner: 80k
Monthly take-home pay: 8,200 (combined)
Type of employment - Public sector (myself); Private company (spouse)
Summary of Assets and Liabilities
Family home value: 550k
Mortgage on family home: 350k
Net equity: 200k
Buy to Let Property value: No
Buy to let Mortgage: No
Family home mortgage information
Interest rate 2.1%
Type of interest rate: fixed for 4 years, 2.5 remaining
Remaining term: 24 years
Monthly repayment: 1,650
Other borrowings – car loans/personal loans etc
No car loans
Do you pay off your full credit card balance each month? yes
Pension information
Public sector pension for 15 years.
Buy to let properties - None
What specific question do you have or what issues are of concern to you?
I'm currently considering taking a car loan of 30,000 euro to buy a car. But I'm also concerned this will affect our borrowing ability in the future (e.g. next year) when we want to take another mortgage to purchase a 2nd property, a buy to let property. May I ask your advice if I should take this car loan now or wait until we get the 2nd mortgage approved? Many thanks.