S
SILVER
Guest
Age: 36
Spouse’s/Partner's age: 32
Annual gross income from employment or profession: 72k + Bonus 5k
Annual gross income of spouse: 37k
Type of employment: Finance (Pharma) – Reasonably secure.
Banking - Again should be ok.
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving
Rough estimate of value of home: €315K? (current selling prices for similar properties on my home €350k)
Amount outstanding on your mortgage: €270k
What interest rate are you paying? ECB Tracker +.7%
Other borrowings – car loans/personal loans Car Loan 19k (3 yrs to run)
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments: High Interest Saving A/c €35k
Shares Market Value €40k
€2k per month deposited Anglo Saver A/c
Do you have a pension scheme? Yes (Employer 12%, Employee 5%, AVC 13%)
Spouse (Defined Benefit)
No employee Contributions
Do you own any investment or other property? no
Ages of children: N/a
Life insurance: Mortgage protection
Company pays for Permanent & private health insurance and life assurance as part of pension scheme.
We are looking to trade up by the end of 2010, ideally to a 4 bedroom house in Dublin Suburbs Lucan/Wicklow. Approx current price €320K. At current savings rates we should have approx €125k saved by Dec 2010.
We would like to keep our present property for rental, am I deluding myself or does this sound feasible? Advice gratefully appreciated.
Estimated Borrowing: €450k
Current Home €255k
New House €320k
Savings -€125k
Spouse’s/Partner's age: 32
Annual gross income from employment or profession: 72k + Bonus 5k
Annual gross income of spouse: 37k
Type of employment: Finance (Pharma) – Reasonably secure.
Banking - Again should be ok.
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving
Rough estimate of value of home: €315K? (current selling prices for similar properties on my home €350k)
Amount outstanding on your mortgage: €270k
What interest rate are you paying? ECB Tracker +.7%
Other borrowings – car loans/personal loans Car Loan 19k (3 yrs to run)
Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?
Savings and investments: High Interest Saving A/c €35k
Shares Market Value €40k
€2k per month deposited Anglo Saver A/c
Do you have a pension scheme? Yes (Employer 12%, Employee 5%, AVC 13%)
Spouse (Defined Benefit)
No employee Contributions
Do you own any investment or other property? no
Ages of children: N/a
Life insurance: Mortgage protection
Company pays for Permanent & private health insurance and life assurance as part of pension scheme.
We are looking to trade up by the end of 2010, ideally to a 4 bedroom house in Dublin Suburbs Lucan/Wicklow. Approx current price €320K. At current savings rates we should have approx €125k saved by Dec 2010.
We would like to keep our present property for rental, am I deluding myself or does this sound feasible? Advice gratefully appreciated.
Estimated Borrowing: €450k
Current Home €255k
New House €320k
Savings -€125k