R
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Guest
Age: 35
Spouse’s/Partner's age: 34
Annual gross income from employment or profession: 85k
Annual gross income of spouse: 45k
Type of employment: e.g. Civil Servant, self-employed private sector / public sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving - approx 700 / month
Rough estimate of value of home 550k
Amount outstanding on your mortgage: 410k
What interest rate are you paying? Tracker - ECB +1.15%
Other borrowings – car loans/personal loans etc No
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: Approx 35k in cash deposit ac - no interest on it
Do you have a pension scheme? No
Do you own any investment or other property? Shares - 5k in 1 company
Ages of children: 1,2
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
Obviously I have a large cash deposit and thankfully no real debts apart from my mortgage (28 years left!) I can increase my mortgage repayments which would be better than leaving it in an interest free deposit account.
Looking for any advice as to what I can do with my cash / savings. Want to have some access to it - as need to invest in house / garden etc. Any suggestions would be greatly appreciated.
Despite my tag - I am not a first time poster - just want to remain undercover!!
Spouse’s/Partner's age: 34
Annual gross income from employment or profession: 85k
Annual gross income of spouse: 45k
Type of employment: e.g. Civil Servant, self-employed private sector / public sector
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving - approx 700 / month
Rough estimate of value of home 550k
Amount outstanding on your mortgage: 410k
What interest rate are you paying? Tracker - ECB +1.15%
Other borrowings – car loans/personal loans etc No
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: Approx 35k in cash deposit ac - no interest on it
Do you have a pension scheme? No
Do you own any investment or other property? Shares - 5k in 1 company
Ages of children: 1,2
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
Obviously I have a large cash deposit and thankfully no real debts apart from my mortgage (28 years left!) I can increase my mortgage repayments which would be better than leaving it in an interest free deposit account.
Looking for any advice as to what I can do with my cash / savings. Want to have some access to it - as need to invest in house / garden etc. Any suggestions would be greatly appreciated.
Despite my tag - I am not a first time poster - just want to remain undercover!!