My personal savings are €15k along with another ~€20k in investments (gold/crypto). The last few years the company has taken in roughly €150k a year but currently I just pay myself €7k per month (before tax). Company bank account currently has about €90k which is nice as it means if I am out of contract I can still afford to pay my wages for a few months. My wife works in a full time position (€70k per year) and has about €10k savings.
own home with €30,000 left on mortgage (30 years left).
I have managed to get the mortgage mainly cleared off over the last number of years by overpaying
assume the €30K is a typo and should be €300K
now thinking about it havign 250k in savings would make my life a lot easier now!
The lender is AIB, the original mortgage was 290K and there are 29 years remaining.Which lender is it?
It's very unlikely but I wonder would they consider releasing back some of the equity?
Definitely worth asking.
Brendan
There must be a typo somewhere in the 29 year left, to pay off a remaining €30K mortgage of the original loan which was €290k, that can’t be right, unless you’ve lumped a hefty payment in there in the very early stages of the loan, or, I’ve missed something along the way.
I think that €30k is right.
I think when the discussion with your wife about selling the family home and splitting the proceeds takes place, things will take a turn for the worse.As you also mentioned things seem amicable enough at the moment my wife doesn't understand why we need mediation and doesn't seem to be looking at the bigger picture of a life apart.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?