Age:
40
Spouse’s/Partner's age:
34
Annual gross income from employment or profession:
E120,000
Annual gross income spouse:
E70,000
Type of employment:
PAYE, private sector
Expenditure pattern:
We allocate our money (mortgage, bills, investing, saving) and spend the rest.
Rough estimate of value of home
E750,000
Mortgage on home
E50,000
Mortgage provider:
Type of mortgage: Tracker, interest only, fixed rate
Variable
Interest rate
4%
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
E30,000 savings. Education fund for the kids 400 a month being invested in a zurich fund.
Do you have a pension scheme?
I did in previous roles but not now. I have a pension fund of 150K E.
Wife has a 50K pension and pays a bit in each month that her company also match.
Do you own any investment or other property?
Yes - a 3 bed house worth approx 250K Euro.
Ages of children:
2 under 2
Life insurance:
Mortgage Protection? Yes.
What specific question do you have or what issues are of concern to you?
We are considering selling our primary residence in south Dublin, clearing our mortgage and moving to our mortgage free property for a lifestyle change in the next 18 months (before kids start school).
Plan would be to buy a 2 or 3 bed apartment in South Dublin as a rental and for the kids to use if/when they go to uni in Dublin, we very fortunately have an option to buy an apartment for reduced rate (400K, worth about 550K/600K) and rent it out for 2500 minimum a month.
We would both be keen to leave our current well paid jobs and either start a small business and/or work part time to supplement the move. It's very much a lifestyle move that we're teasing out. If we sell our main house and bought another property with cash, we would have approx 300K left and would probably look to invest this.
Thanks a lot for reading and would love to read your suggestions and comments.
40
Spouse’s/Partner's age:
34
Annual gross income from employment or profession:
E120,000
Annual gross income spouse:
E70,000
Type of employment:
PAYE, private sector
Expenditure pattern:
We allocate our money (mortgage, bills, investing, saving) and spend the rest.
Rough estimate of value of home
E750,000
Mortgage on home
E50,000
Mortgage provider:
Type of mortgage: Tracker, interest only, fixed rate
Variable
Interest rate
4%
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
E30,000 savings. Education fund for the kids 400 a month being invested in a zurich fund.
Do you have a pension scheme?
I did in previous roles but not now. I have a pension fund of 150K E.
Wife has a 50K pension and pays a bit in each month that her company also match.
Do you own any investment or other property?
Yes - a 3 bed house worth approx 250K Euro.
Ages of children:
2 under 2
Life insurance:
Mortgage Protection? Yes.
What specific question do you have or what issues are of concern to you?
We are considering selling our primary residence in south Dublin, clearing our mortgage and moving to our mortgage free property for a lifestyle change in the next 18 months (before kids start school).
Plan would be to buy a 2 or 3 bed apartment in South Dublin as a rental and for the kids to use if/when they go to uni in Dublin, we very fortunately have an option to buy an apartment for reduced rate (400K, worth about 550K/600K) and rent it out for 2500 minimum a month.
We would both be keen to leave our current well paid jobs and either start a small business and/or work part time to supplement the move. It's very much a lifestyle move that we're teasing out. If we sell our main house and bought another property with cash, we would have approx 300K left and would probably look to invest this.
Thanks a lot for reading and would love to read your suggestions and comments.