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Guest
Age: 35
Spouse’s/Partner's age: -
Annual gross income from employment or profession: 75 - 95k
Annual gross income of spouse: -
Type of employment: e.g. Civil Servant, self-employed: Employed, IT sector
In general are you: b
(a) spending more than you earn, or
(b) saving?
Rough estimate of value of home: 170k
Amount outstanding on your mortgage: 240k
What interest rate are you paying? Tracker
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? nearly 1k
Savings and investments: 20k and 3k in shares
Do you have a pension scheme? Yes, for a few years
Do you own any investment or other property? No
Ages of children: -
Life insurance: Yes
Hi there!
I'm a mid 30's single, childless guy on 75k with about 20k saved and another 3k in shares. I have 30yrs left on my mortgage but am planning to rent my place out soon and head to australia for an unknown amount of time, probably a few years ... luckily my salary is going to go up by another 20k in the move. I don't have a pension that long, a few years maybe and I'm quite conscious about this. My car loan will be paid off in a few months and I've no debt tied to me.
I'm wondering what my next financial steps should be? I was planning on buying another house here on the basis that there's great value to be had, I hate my current place and don't intend to live in it again. But I'd like to know what peoples opinions are on this move or would I be wiser doing something else with my savings?
Spouse’s/Partner's age: -
Annual gross income from employment or profession: 75 - 95k
Annual gross income of spouse: -
Type of employment: e.g. Civil Servant, self-employed: Employed, IT sector
In general are you: b
(a) spending more than you earn, or
(b) saving?
Rough estimate of value of home: 170k
Amount outstanding on your mortgage: 240k
What interest rate are you paying? Tracker
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? nearly 1k
Savings and investments: 20k and 3k in shares
Do you have a pension scheme? Yes, for a few years
Do you own any investment or other property? No
Ages of children: -
Life insurance: Yes
Hi there!
I'm a mid 30's single, childless guy on 75k with about 20k saved and another 3k in shares. I have 30yrs left on my mortgage but am planning to rent my place out soon and head to australia for an unknown amount of time, probably a few years ... luckily my salary is going to go up by another 20k in the move. I don't have a pension that long, a few years maybe and I'm quite conscious about this. My car loan will be paid off in a few months and I've no debt tied to me.
I'm wondering what my next financial steps should be? I was planning on buying another house here on the basis that there's great value to be had, I hate my current place and don't intend to live in it again. But I'd like to know what peoples opinions are on this move or would I be wiser doing something else with my savings?