Age: 50
Annual gross income from employment: 80k
Rough estimate of value of home 150K plus apartment 60k
Amount outstanding on mortgage:55K 4 and a half years left
Interest rate:Tracker 2.2% ,
Savings and investments: 30k savings
Hi I would be most grateful for a little direction if possible?
We (myself and my wife, no kids) are very happy where we live but we are making no money from our overseas property which will stop being rented in a month's time (the whole cost of the apartment was €93k after fees and furnishings, estimated selling price €60k after fees). So we are thinking of selling it and clearing some of our mortgage and buying a motorhome (€40k approx) for all our holiday needs over the coming years. We feel that there is no future in the overseas apartment.
Any advice or alternative investments would be appreciated. Thanks
Annual gross income from employment: 80k
Rough estimate of value of home 150K plus apartment 60k
Amount outstanding on mortgage:55K 4 and a half years left
Interest rate:Tracker 2.2% ,
Savings and investments: 30k savings
Hi I would be most grateful for a little direction if possible?
We (myself and my wife, no kids) are very happy where we live but we are making no money from our overseas property which will stop being rented in a month's time (the whole cost of the apartment was €93k after fees and furnishings, estimated selling price €60k after fees). So we are thinking of selling it and clearing some of our mortgage and buying a motorhome (€40k approx) for all our holiday needs over the coming years. We feel that there is no future in the overseas apartment.
Any advice or alternative investments would be appreciated. Thanks