Personal details
Age: 41
Single
No children.
Income and expenditure
Annual gross income from employment or profession: 185,000
Monthly take-home pay: 8400
Type of employment: e.g. Civil Servant, self-employed. Salaried employee
In general are you:
(a) spending more than you earn, or
(b) saving?
Sometimes both. More recently spending more than I earn.
Summary of Assets and Liabilities
Family home worth €759k with a €575k mortgage
Cash of €11k
Defined benefit pension fund.
Company shares : 28500
Buy to Let Property 1: worth €590k with mortgage of €116k. 2.9% Tracker. ECB +.9%
Gross income: 31,000
Monthly repayment 800
Buy to Let Property 2: worth €210k with zero mortgage.
Gross income 17400
Buy to Let Property 3 worth €467k with €94k mortgage. 2.49% fixed. Fixed rate ends in 5 years and 9 months.
Gross income 23256
Monthly repayment 1431
Family home mortgage information
Lender
Interest rate 1.16%
If fixed, what is the term remaining of the fixed rate? Fixed. 21 years left.
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
Other savings and investments:
Do you have a pension scheme? Yes, it's defined benefit and based on length of service
Do you own any investment or other property?
As indicated above +holiday home worth 110k no mortgage.
Other information which might be relevant
Life insurance:
Life assurance on home and one investment property. The buy to let with 94k has no life assurance
What specific question do you have or what issues are of concern to you?
I don't have alot of cash. I have been overpaying some of my buy-to-let properties as I want to be debt free as soon as possible. I would like to buy my forever home in a few years. It would mean buying one that is double the value of my current home. However, any views if I'm doing anything wrong or should change track on anything. Thank you.
Age: 41
Single
No children.
Income and expenditure
Annual gross income from employment or profession: 185,000
Monthly take-home pay: 8400
Type of employment: e.g. Civil Servant, self-employed. Salaried employee
In general are you:
(a) spending more than you earn, or
(b) saving?
Sometimes both. More recently spending more than I earn.
Summary of Assets and Liabilities
Family home worth €759k with a €575k mortgage
Cash of €11k
Defined benefit pension fund.
Company shares : 28500
Buy to Let Property 1: worth €590k with mortgage of €116k. 2.9% Tracker. ECB +.9%
Gross income: 31,000
Monthly repayment 800
Buy to Let Property 2: worth €210k with zero mortgage.
Gross income 17400
Buy to Let Property 3 worth €467k with €94k mortgage. 2.49% fixed. Fixed rate ends in 5 years and 9 months.
Gross income 23256
Monthly repayment 1431
Family home mortgage information
Lender
Interest rate 1.16%
If fixed, what is the term remaining of the fixed rate? Fixed. 21 years left.
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
Other savings and investments:
Do you have a pension scheme? Yes, it's defined benefit and based on length of service
Do you own any investment or other property?
As indicated above +holiday home worth 110k no mortgage.
Other information which might be relevant
Life insurance:
Life assurance on home and one investment property. The buy to let with 94k has no life assurance
What specific question do you have or what issues are of concern to you?
I don't have alot of cash. I have been overpaying some of my buy-to-let properties as I want to be debt free as soon as possible. I would like to buy my forever home in a few years. It would mean buying one that is double the value of my current home. However, any views if I'm doing anything wrong or should change track on anything. Thank you.
Last edited: