Age: 29
Spouse’s/Partner's age: 29
Annual gross income from employment or profession: €80k plus €5k bonus
Annual gross income of spouse: €62k
Type of employment: Both private sector
In general are you spending more than you earn or are you saving? Saving
Rough estimate of value of home: €450k
Amount outstanding on your mortgage: €370k
What interest rate are you paying? Discount tracker ECB +0.7% (4.95%)due to end end Sept. Then moving to ECB +1.25%
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? 0
Savings and investments:
Rabobank €60k
AIB Deposit €85k
Credit Union €30k
Do you have a pension scheme? Yes both with employer contributions
Do you own any investment or other property? No
Ages of children: None
Life insurance: No
What specific question do you have or what issues are of concern to you? We both have good jobs and a healthy monthly income (total €7300 after BIK on 2 cars). Monthly outgoings are low and we are recently married. The intention was always to overpay on mortgage after the wedding. We are facing moving to a higher interest rate in September and would like to get a better deal. We are prepared to use some savings to achieve a lower LTV. Also, we feel that savings are not 'working' for us and would like to put our savings to better use. We realise that higher return means higher risk but are willing to consider this. Open to all suggestions on uses for savings.
Spouse’s/Partner's age: 29
Annual gross income from employment or profession: €80k plus €5k bonus
Annual gross income of spouse: €62k
Type of employment: Both private sector
In general are you spending more than you earn or are you saving? Saving
Rough estimate of value of home: €450k
Amount outstanding on your mortgage: €370k
What interest rate are you paying? Discount tracker ECB +0.7% (4.95%)due to end end Sept. Then moving to ECB +1.25%
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? 0
Savings and investments:
Rabobank €60k
AIB Deposit €85k
Credit Union €30k
Do you have a pension scheme? Yes both with employer contributions
Do you own any investment or other property? No
Ages of children: None
Life insurance: No
What specific question do you have or what issues are of concern to you? We both have good jobs and a healthy monthly income (total €7300 after BIK on 2 cars). Monthly outgoings are low and we are recently married. The intention was always to overpay on mortgage after the wedding. We are facing moving to a higher interest rate in September and would like to get a better deal. We are prepared to use some savings to achieve a lower LTV. Also, we feel that savings are not 'working' for us and would like to put our savings to better use. We realise that higher return means higher risk but are willing to consider this. Open to all suggestions on uses for savings.