Legally separated, house in my name, mortgage in both names.
Earn 50K per annum
Have funds / shares - possibly could be valued at 140,000 todays value plus nest egg of older shares ( about 100K)
Mortgage o/s €320,000 - 24 years, tracker.
House value €300,000
Q - if I was to pay off mortgage to bring it to the level of 3.5x my annual income / €171,525 - would bank allow husbands name to be removed easily?
Q - Would this be good use of funds?
Earn 50K per annum
Have funds / shares - possibly could be valued at 140,000 todays value plus nest egg of older shares ( about 100K)
Mortgage o/s €320,000 - 24 years, tracker.
House value €300,000
Q - if I was to pay off mortgage to bring it to the level of 3.5x my annual income / €171,525 - would bank allow husbands name to be removed easily?
Q - Would this be good use of funds?