Goblin_Shark
Registered User
- Messages
- 4
Age: 31
Spouse’s age: n/a
My Income: 60,000
Spouse's income: n/a
Take-home pay: Approx €3,400
Type of employment – Private sector
Spending or Saving?
A saver definitely. I don’t budget but save a set amount each month. I save on average €1,000 a month. Rent is €1,200. I just recently got a pay increase so planning on putting €200 – €300 into the emergency fund on top of this. This will vary depending on the month.
Value of home: n/a
Amount outstanding on your mortgage: n/a
What interest rate are you paying? n/a
Other borrowings – n/a
Do you pay off your full credit card balance each month? No credit card
Savings and investments:
€91,000 in credit union
€11,000 in post office
€1,000 in emergency fund with bank (planning on building this up gradually over the year)
Do you have a pension scheme?
Yes, between employer and myself 14% going into this each month. About €8,000 in current pension scheme, €34,000 in pension with former employer
Do you own any investment or other property?
No.
Ages of children:
None
Life insurance:
Work pay for death-in-service policy (2 x income) I have no dependents (and no plans to have any) so not overly fussed about this
What specific question do you have or what issues are of concern to you?
I am thinking of getting a mortgage of €150 – €200k for a self-build but absolutely clueless in relation to the whole mortgage process. Specifically to go for fixed or variable rates, shorter or longer terms. I am not building in the county I will be working in (although I can work from home two / three days a week) and have emailed my bank asking if this is would be a problem. I haven’t looked into how much the build would cost, but I know my sister spend around €260k on their house, so believe the mortgage and deposit would be covered. Any thoughts or advice would be much appreciated.
Spouse’s age: n/a
My Income: 60,000
Spouse's income: n/a
Take-home pay: Approx €3,400
Type of employment – Private sector
Spending or Saving?
A saver definitely. I don’t budget but save a set amount each month. I save on average €1,000 a month. Rent is €1,200. I just recently got a pay increase so planning on putting €200 – €300 into the emergency fund on top of this. This will vary depending on the month.
Value of home: n/a
Amount outstanding on your mortgage: n/a
What interest rate are you paying? n/a
Other borrowings – n/a
Do you pay off your full credit card balance each month? No credit card
Savings and investments:
€91,000 in credit union
€11,000 in post office
€1,000 in emergency fund with bank (planning on building this up gradually over the year)
Do you have a pension scheme?
Yes, between employer and myself 14% going into this each month. About €8,000 in current pension scheme, €34,000 in pension with former employer
Do you own any investment or other property?
No.
Ages of children:
None
Life insurance:
Work pay for death-in-service policy (2 x income) I have no dependents (and no plans to have any) so not overly fussed about this
What specific question do you have or what issues are of concern to you?
I am thinking of getting a mortgage of €150 – €200k for a self-build but absolutely clueless in relation to the whole mortgage process. Specifically to go for fixed or variable rates, shorter or longer terms. I am not building in the county I will be working in (although I can work from home two / three days a week) and have emailed my bank asking if this is would be a problem. I haven’t looked into how much the build would cost, but I know my sister spend around €260k on their house, so believe the mortgage and deposit would be covered. Any thoughts or advice would be much appreciated.