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comet
Guest
Age: 28
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 40,000
Annual gross income of spouse: N/A
Type of employment: Civil Servant
In general are you spending more than you earn or are you saving? Spending what I earn mostly (2,500 in current account).
Rough estimate of value of home: 235,000
Amount outstanding on your mortgage: 128,000
What interest rate are you paying? 5.69% (permanent tsb variable)
Other borrowings – car loans/personal loans etc
Credit union loan balance 4,000
(Repayments of 280 p.m.)
Do you pay off your full credit card balance each month? Yes *
If not, what is the balance on your credit card?
* Have cleared 4,500 off credit card in the last 6 months. Balance is now zero.
Savings and investments: 0
Do you have a pension scheme? Yes (civil service)
Do you own any investment or other property? No
Ages of children: N/A
Current monthly outgoings:
Mortgage: 655
Credit union loan: 280
Food: 280
Transport: 125
House insurance: 20
Utilities: 85
Mobile: 25
VHI: 48
Discretionary: 280
Monthly outgoings: 1800
What specific question do you have or what issues are of concern to you?
I have decentralised through the civil service scheme but am very unhappy in my current job. I would ideally like to return to Dublin (to be closer to family/friends and to return to a job that I loved).
I fully accept that I will have to downsize in order to move back to Dublin and take on a bigger mortgage. My aim would be to buy in Dublin, perhaps this time next year (allowing enough time to sell my current home in a slowing market and save as much money as I possibly can).
My question is "What kind or price range can I afford to look at in terms of houses/apartments in Dublin?"
and "How can I put myself in the best possible financial position to do this?"
Any advice would be really appreciated.
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: 40,000
Annual gross income of spouse: N/A
Type of employment: Civil Servant
In general are you spending more than you earn or are you saving? Spending what I earn mostly (2,500 in current account).
Rough estimate of value of home: 235,000
Amount outstanding on your mortgage: 128,000
What interest rate are you paying? 5.69% (permanent tsb variable)
Other borrowings – car loans/personal loans etc
Credit union loan balance 4,000
(Repayments of 280 p.m.)
Do you pay off your full credit card balance each month? Yes *
If not, what is the balance on your credit card?
* Have cleared 4,500 off credit card in the last 6 months. Balance is now zero.
Savings and investments: 0
Do you have a pension scheme? Yes (civil service)
Do you own any investment or other property? No
Ages of children: N/A
Current monthly outgoings:
Mortgage: 655
Credit union loan: 280
Food: 280
Transport: 125
House insurance: 20
Utilities: 85
Mobile: 25
VHI: 48
Discretionary: 280
Monthly outgoings: 1800
What specific question do you have or what issues are of concern to you?
I have decentralised through the civil service scheme but am very unhappy in my current job. I would ideally like to return to Dublin (to be closer to family/friends and to return to a job that I loved).
I fully accept that I will have to downsize in order to move back to Dublin and take on a bigger mortgage. My aim would be to buy in Dublin, perhaps this time next year (allowing enough time to sell my current home in a slowing market and save as much money as I possibly can).
My question is "What kind or price range can I afford to look at in terms of houses/apartments in Dublin?"
and "How can I put myself in the best possible financial position to do this?"
Any advice would be really appreciated.