jonahmurphy
Registered User
- Messages
- 17
Age: 54
Spouse’s/Partner's age: 54
Annual gross income from employment or profession: €100,000 business owner
Annual gross income of spouse: €90,000 public servant
Monthly take-home pay: €8200
Type of employment: Permanent
In general are you: Saving circa €3000 a month
Rough estimate of value of home: €850,000
Amount outstanding on your mortgage: €140,000, €1200 a month,
What interest rate are you paying? ECB Plus 00.85%,
Other borrowings:
Property 1, Value €420,000. Mortgage €194,000 Interest only @ 00.80% Tracker. Rent €1680/month
Property 2, Value €160,000. Mortgage €120,000 Capital and interest @ 00.80% Tracker. Rent €755/Month
Property 3, Value €130,000. Mortgage €105,000 Capital and interest @ 00.80% Tracker. Rent €680/Month
Property 4, Value €160,00. No Mortgage. Rent €780/Month
Do you pay off your full credit card balance each month? Yes, always.
If not, what is the balance on your credit card? N/A
Savings and investments: €230,000 National solidarity bonds maturing in 2023, €120,000 cash in the bank.
Do you have a pension scheme? Yes. Maxed out on all fronts.
Do you own any investment or other property? See other borrowing above
Ages of children: 3 Kids aged 21, 19 and 17.
Life insurance: Both of us have life insurance and i believe well insured.
What specific question do you have or what issues are of concern to you?
We have had all 4 rental properties on the RAS scheme with various different local authorities, it seems a good time to sell. local authorities are looking to sign leases for 10 years.
We don't really need to sell for the money, simply to make life easier and not having to deal with tenants and council etc.
Appreciate any views you may have.
Thanks.
Spouse’s/Partner's age: 54
Annual gross income from employment or profession: €100,000 business owner
Annual gross income of spouse: €90,000 public servant
Monthly take-home pay: €8200
Type of employment: Permanent
In general are you: Saving circa €3000 a month
Rough estimate of value of home: €850,000
Amount outstanding on your mortgage: €140,000, €1200 a month,
What interest rate are you paying? ECB Plus 00.85%,
Other borrowings:
Property 1, Value €420,000. Mortgage €194,000 Interest only @ 00.80% Tracker. Rent €1680/month
Property 2, Value €160,000. Mortgage €120,000 Capital and interest @ 00.80% Tracker. Rent €755/Month
Property 3, Value €130,000. Mortgage €105,000 Capital and interest @ 00.80% Tracker. Rent €680/Month
Property 4, Value €160,00. No Mortgage. Rent €780/Month
Do you pay off your full credit card balance each month? Yes, always.
If not, what is the balance on your credit card? N/A
Savings and investments: €230,000 National solidarity bonds maturing in 2023, €120,000 cash in the bank.
Do you have a pension scheme? Yes. Maxed out on all fronts.
Do you own any investment or other property? See other borrowing above
Ages of children: 3 Kids aged 21, 19 and 17.
Life insurance: Both of us have life insurance and i believe well insured.
What specific question do you have or what issues are of concern to you?
We have had all 4 rental properties on the RAS scheme with various different local authorities, it seems a good time to sell. local authorities are looking to sign leases for 10 years.
We don't really need to sell for the money, simply to make life easier and not having to deal with tenants and council etc.
Appreciate any views you may have.
Thanks.