Brendan, what if there aren't a few more years to be able to wait? Sue
You'll pay a higher interest rate on the mortgage because it's not a primary home loan. Let's say you borrow €100,000 over 20 years at 5%. That's €660 per month...€8,000 per year plus any repairs, running costs etc. And you'll have put your €20,000 savings into it.
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I agree with Liam's attitude on holiday homes...if they are abroad. It takes a lot more time and planning to get to Portugal for instance than hopping in the car and heading off for the weekend.
I think people should more often pay attention to the distinction between thoughts and experience:
The thought of a holiday cottage in the West is a pain-free, lovely thought in line with your values and your ambitions for your family. .
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