unclefester
Registered User
- Messages
- 5
Age: 47
Spouse’s/Partner's age: 42
Annual gross income from employment or profession: 55k
Annual gross income of spouse: 44k
Monthly take-home pay: 5.9k
Type of employment: Private PAYE
In general are you:
Saving
Rough estimate of value of home:
Value 330k
mortgage 290k (ECB+2.25%) 24 years left
Other borrowings – car loans/personal loans etc:
No loans
Expenses:
Schools, planning on private school for one child in 2021, between 5K-8k a year
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
Cash Savings: 30k
Shares: 20k
Do you have a pension scheme?
Private (approx. 11% mixed employee/employer contribution)
spouse (approx 7%)
Previous employer 20k (inactive)
Do you own any investment or other property?
House 1:
Value 330k (Re -Mortgage 130k @ 4.4%; 20 years left. ). originally bought for 140k
Rental income (after letting agent fees): 11.5k/annually
House 2:
Value 180k no mortgage , bought for 130k
Rental income (after letting agent fees): 8.5k/annually
Ages of children:
6,13,16
Life insurance:
Death in service with pension
2 mortgaged properties covered for death.
What specific question do you have or what issues are of concern to you?
House 1 and 2 are in the UK. All values converted to euros.
We want to move house in ireland within 2 years but haven't a large enough cash deposit. New house purchase possibly 400-450k?
Should we sell both uk properties and have one small irish mortgage (for new property) or sell one uk property and have larger irish mortgage (for new property) but also keeping one property in the uk(one with mortgage or one without).?
I don't want to let the UK properties go too easily if I don't have to as would like to keep them for inheritance, but we want to move and need some deposit so what are the options available?
thanks.
Spouse’s/Partner's age: 42
Annual gross income from employment or profession: 55k
Annual gross income of spouse: 44k
Monthly take-home pay: 5.9k
Type of employment: Private PAYE
In general are you:
Saving
Rough estimate of value of home:
Value 330k
mortgage 290k (ECB+2.25%) 24 years left
Other borrowings – car loans/personal loans etc:
No loans
Expenses:
Schools, planning on private school for one child in 2021, between 5K-8k a year
Do you pay off your full credit card balance each month?
Yes
Savings and investments:
Cash Savings: 30k
Shares: 20k
Do you have a pension scheme?
Private (approx. 11% mixed employee/employer contribution)
spouse (approx 7%)
Previous employer 20k (inactive)
Do you own any investment or other property?
House 1:
Value 330k (Re -Mortgage 130k @ 4.4%; 20 years left. ). originally bought for 140k
Rental income (after letting agent fees): 11.5k/annually
House 2:
Value 180k no mortgage , bought for 130k
Rental income (after letting agent fees): 8.5k/annually
Ages of children:
6,13,16
Life insurance:
Death in service with pension
2 mortgaged properties covered for death.
What specific question do you have or what issues are of concern to you?
House 1 and 2 are in the UK. All values converted to euros.
We want to move house in ireland within 2 years but haven't a large enough cash deposit. New house purchase possibly 400-450k?
Should we sell both uk properties and have one small irish mortgage (for new property) or sell one uk property and have larger irish mortgage (for new property) but also keeping one property in the uk(one with mortgage or one without).?
I don't want to let the UK properties go too easily if I don't have to as would like to keep them for inheritance, but we want to move and need some deposit so what are the options available?
thanks.