S
SelfEmpl
Guest
Age: 42
Spouse’s/Partner's age: 45
Annual gross income from employment or profession: 90k
Annual gross income of spouse:40k
Monthly take-home pay
Type of employment: e.g. Civil Servant, self-employed Self Employed
In general are you:
(a) spending more than you earn, or
(b) saving? Yes thank god
Rough estimate of value of home: Probably about 280k
Amount outstanding on your mortgage: Probably about 330k
What interest rate are you paying? Tracker mortgage 1.85%
Other borrowings – car loans/personal loans etc None
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: 30 k personal savings
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: None
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
I am self employed and thankfully have been doing very well over the past few years. I'm a self employed business consultant and have about 150k in the company bank account.
I have been toying with the idea of buying a house with partner (currently living in a large apartment which is in my name alone). Would likely move there and rent out apartment. Not entirely sure what kind of mortgage we would get though. Any ideas?
Also as someone self employed I have considered pensions over the past few years but to be honest would be concerned about starting a pension now, have been thinking that buying property in order to have ongoing rental income in the future might be more sensible.
The other option I have been considering is upping my salary this year and paying some off the current mortgage. Is that a mad idea considering the tracker I'm on?
Interested in the learned views of those on this forum as to what I could/should do.
Spouse’s/Partner's age: 45
Annual gross income from employment or profession: 90k
Annual gross income of spouse:40k
Monthly take-home pay
Type of employment: e.g. Civil Servant, self-employed Self Employed
In general are you:
(a) spending more than you earn, or
(b) saving? Yes thank god
Rough estimate of value of home: Probably about 280k
Amount outstanding on your mortgage: Probably about 330k
What interest rate are you paying? Tracker mortgage 1.85%
Other borrowings – car loans/personal loans etc None
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: 30 k personal savings
Do you have a pension scheme? No
Do you own any investment or other property? No
Ages of children: None
Life insurance: Yes
What specific question do you have or what issues are of concern to you?
I am self employed and thankfully have been doing very well over the past few years. I'm a self employed business consultant and have about 150k in the company bank account.
I have been toying with the idea of buying a house with partner (currently living in a large apartment which is in my name alone). Would likely move there and rent out apartment. Not entirely sure what kind of mortgage we would get though. Any ideas?
Also as someone self employed I have considered pensions over the past few years but to be honest would be concerned about starting a pension now, have been thinking that buying property in order to have ongoing rental income in the future might be more sensible.
The other option I have been considering is upping my salary this year and paying some off the current mortgage. Is that a mad idea considering the tracker I'm on?
Interested in the learned views of those on this forum as to what I could/should do.