As MM has stated where are you planning on finding a home for 230k - the costs of selling/buying?I would definitely downsize now if you have the opportunity to do so. Then you can put €1090 a month into pension/savings/invest instead of giving it to the bank.
There are over 1000 properties (2 bed + but with OP being a single maybe even 1 bed would do just fine) for sale with the price of up to 200k in Ireland on daft.As MM has stated where are you planning on finding a home for 230k - the costs of selling/buying?
OP is paying 3.9% on €170k mortgage.There are over 1000 properties (2 bed + but with OP being a single maybe even 1 bed would do just fine) for sale with the price of up to 200k in Ireland on daft.
OP stated: " it would leave 230K approx to fund a new house outright - which appears to be doable in the areas I'm looking at."
Based on that I would not think twice and downsize, cutting all this interest otherwise paid over the next 20 years to the bank.
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