Swordsafford
Registered User
- Messages
- 15
wife will not sell or rent property in Dublin as it's home and son in college in Dublin.
Is a small mortgage not feasible for a Galway purchase? Your total borrowings are already within the 3.5x Central Bank limits.
€60k borrowing + €80k inheritance might get you a very basic one-bed in Galway.
How much will your income rise to?
Otherwise I would prioritise pension contributions to take advantage of tax relief. The return (long term) is likely to be better than the 2.3% you would get by paying down mortgage early.
You are on €50k a year, and you want to maintain 2 homes?
That is madness. Would you be better off passing up on the promotion.
She will probably want to visit her son in Dublin twice a week.
Brendan
Is your wife moving to Galway with you? Rent the rooms in your Dublin house with your 19 year old in situ?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?