Age:
29
Spouse’s/Partner's age:
Ex - 27
Annual gross income from employment or profession:
E45,000
Annual gross income spouse:
Ex - unemployed
Type of employment:
Private sector
Expenditure pattern:
Save €300/month
Rough estimate of value of home
E180,000
Mortgage on home
E300,000 -been paying mortgage for three years now
Mortgage provider:
PTSB
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
ECB + 2.25%
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
No
Savings and investments:
E60,000 savings. Shares valued at approx 10K
Do you have a pension scheme?
Yes, valued at 6-7K.
Do you own any investment or other property?
No
Ages of children:
None.
Life insurance:
No.
What specific question do you have or what issues are of concern to you?
Bought property in Co Meath with ex-partner in 2007. 100% mortgage.
Relationship has broken down.
She has left with our cat & contributes nothing towards the mortgage.
I realise it is her responsibility to do so, but I cannot make her pay much as I would like to.
I cannot sleep at night with worry over how much money I owe for a property that has devalued so much.
Ideally I would like to use some savings to offset the negative equity but I feel I would be leaving myself wide open if she comes back with a claim to the property.
I cannot see the bank giving me a mortgage of nearly 7 times my salary to buy her out.
What should I do?
29
Spouse’s/Partner's age:
Ex - 27
Annual gross income from employment or profession:
E45,000
Annual gross income spouse:
Ex - unemployed
Type of employment:
Private sector
Expenditure pattern:
Save €300/month
Rough estimate of value of home
E180,000
Mortgage on home
E300,000 -been paying mortgage for three years now
Mortgage provider:
PTSB
Type of mortgage: Tracker, interest only, fixed rate
Tracker
Interest rate
ECB + 2.25%
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
No
Savings and investments:
E60,000 savings. Shares valued at approx 10K
Do you have a pension scheme?
Yes, valued at 6-7K.
Do you own any investment or other property?
No
Ages of children:
None.
Life insurance:
No.
What specific question do you have or what issues are of concern to you?
Bought property in Co Meath with ex-partner in 2007. 100% mortgage.
Relationship has broken down.
She has left with our cat & contributes nothing towards the mortgage.
I realise it is her responsibility to do so, but I cannot make her pay much as I would like to.
I cannot sleep at night with worry over how much money I owe for a property that has devalued so much.
Ideally I would like to use some savings to offset the negative equity but I feel I would be leaving myself wide open if she comes back with a claim to the property.
I cannot see the bank giving me a mortgage of nearly 7 times my salary to buy her out.
What should I do?