UPDATE:
Credit U loan 21k
House value down 20k
Another question
Age: 31
Spouse’s/Partner's age: 29
Annual gross income from employment or profession: 44k
Annual gross income spouse: 34k
Type of employment: Engineering , spouse: Shop manager
Expenditure pattern: In general are you spending more than you earn or are you saving? Saving €600 pm AIB regular saver
Rough estimate of value of home: €360k
Mortgage on home: €186k
Mortgage provider: PTSB
Type of mortgage: Tracker
Interest rate 4.80
Other borrowings – car loan Credit Union €21,000 left paying €100 aw
Do you pay off your full credit card balance each month?
Yes
Savings and investments: €10k in Rabo savings €1k in mix of investment funds, €15k in FA, €10k in AIB 7dd , €6k in AIB instant access, €4k on deposit
Do you have a pension scheme? Yes
Do you own any investment or other property?
½ share in house worth €265k, €138k mortgage, €12k in joint account
½ share in house worth €150k, €124k mortgage, €18k in joint account
Ages of children: 6 months
Life insurance: to cover mortgage
What specific question do you have or what issues are of concern to you?
1). was thinking of moving house, cost €560k will cost about €2k mortgage a month. But house is out of town a bit, have to think about cost of doing it up.
We now have an offer on a 0.33a site for €250k in town, based of the same type of house build in area about 2 years ago we could build for €250k finished (I know one of the owners).
If we stay where we are we will build on an extension.
Repayments pm around €1700. Any advise?
2). Bought car around €14k borrowed from CU 6.99% int
3). How am I doing?