L
looking
Guest
Can we trade up from apartment to family home?
Age: 30
Spouse’s/Partner's age:34
Annual gross income from employment or profession: 60000
Annual gross income of spouse: 52000
Type of employment: e.g. Civil Servant, self-employed state body
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving
Rough estimate of value of home unsure- purchased for 330000 5 years ago- not sure what it would sell for now....240000???
Amount outstanding on your mortgage: 275000
What interest rate are you paying? ECB & 1.35
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: approx 100000 in savings
Do you have a pension scheme? yes
Do you own any investment or other property? No
Ages of children: 2 & baby
Life insurance: No
What specific question do you have or what issues are of concern to you?
We currently live in an apt which is no longer viable with 2 small children. Unsure whether we should
a) use our saving to pay off negative equity and sell apt at very reduced rate and then rent a house for ourselves
b) approach babk about possibility of taking 2nd mortgage to buy home and rent apt
c) rent apt and rent house for next few years
d) follow up on possibility of house swap in our development. friends who own 4 bed are interested in our apt and we could buy their house- using our saving to pay difference and mortgage repayments would be around what we are paying now
thanks so much in advance
Age: 30
Spouse’s/Partner's age:34
Annual gross income from employment or profession: 60000
Annual gross income of spouse: 52000
Type of employment: e.g. Civil Servant, self-employed state body
In general are you:
(a) spending more than you earn, or
(b) saving?
Saving
Rough estimate of value of home unsure- purchased for 330000 5 years ago- not sure what it would sell for now....240000???
Amount outstanding on your mortgage: 275000
What interest rate are you paying? ECB & 1.35
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: approx 100000 in savings
Do you have a pension scheme? yes
Do you own any investment or other property? No
Ages of children: 2 & baby
Life insurance: No
What specific question do you have or what issues are of concern to you?
We currently live in an apt which is no longer viable with 2 small children. Unsure whether we should
a) use our saving to pay off negative equity and sell apt at very reduced rate and then rent a house for ourselves
b) approach babk about possibility of taking 2nd mortgage to buy home and rent apt
c) rent apt and rent house for next few years
d) follow up on possibility of house swap in our development. friends who own 4 bed are interested in our apt and we could buy their house- using our saving to pay difference and mortgage repayments would be around what we are paying now
thanks so much in advance