Age:
43
Spouse’s/Partner's age:
42
Annual gross income from employment or profession:
110000
Annual gross income spouse:
35000
Type of employment:
Both private sector employees.
Expenditure pattern:
Save and live a little
Rough estimate of value of home:
400000
Mortgage on home:
270000
.95 tracker €950 month
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month
No cc
Savings and investments:
€400k split across various deposit accounts
€25k shares split between 5 x stocks
Saving €3k per month
Do you have a pension scheme?
Yes, Paying €20k per annum, fund value approx €180k
Do you own any investment or other property?
2 houses value €425k & €240k
Generating €2200 rent/month, no mortgage on either.
Ages of children:
3,7,10
Life insurance:
Yes. (Separate to mortgage policy)
Income protection policy
Health insurance for family
What specific question do you have or what issues are of concern to you?
Have overpaid/cleared mortgages on both investment properties and have recently received inheritance in addition to savings. Are now in very good position but we dont know whether to pay down tracker mortgage (via lump sum or instead of our monthly savings) as getting poor returns on deposit but are still reluctant to clear tracker (bank not doing any deals either). Intend to move in 4-5 years also so not willing to lock savings away for long term. Any advice?
43
Spouse’s/Partner's age:
42
Annual gross income from employment or profession:
110000
Annual gross income spouse:
35000
Type of employment:
Both private sector employees.
Expenditure pattern:
Save and live a little
Rough estimate of value of home:
400000
Mortgage on home:
270000
.95 tracker €950 month
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month
No cc
Savings and investments:
€400k split across various deposit accounts
€25k shares split between 5 x stocks
Saving €3k per month
Do you have a pension scheme?
Yes, Paying €20k per annum, fund value approx €180k
Do you own any investment or other property?
2 houses value €425k & €240k
Generating €2200 rent/month, no mortgage on either.
Ages of children:
3,7,10
Life insurance:
Yes. (Separate to mortgage policy)
Income protection policy
Health insurance for family
What specific question do you have or what issues are of concern to you?
Have overpaid/cleared mortgages on both investment properties and have recently received inheritance in addition to savings. Are now in very good position but we dont know whether to pay down tracker mortgage (via lump sum or instead of our monthly savings) as getting poor returns on deposit but are still reluctant to clear tracker (bank not doing any deals either). Intend to move in 4-5 years also so not willing to lock savings away for long term. Any advice?