Age: 34
Spouse’s/Partner's age: 36
Annual gross income from employment or profession: 43k
Annual gross income of spouse: 63-80k depending on bonuses
Type of employment: e.g. Civil Servant, self-employed: me private sector, husband semi state
In general are you:
(a) spending more than you earn, or
(b) saving? b - where we can
Rough estimate of value of home: bought in 2007
now at 330k I would think
Amount outstanding on your mortgage: 470k
What interest rate are you paying? 50: 50 split 2.05 tracker and coming of fixed in 2 months at 4.89 should go to 2.5% (yippee)
Other borrowings – car loans/personal loans etc None
Do you pay off your full credit card balance each month? Yes and Yes
If not, what is the balance on your credit card?
Savings and investments: Savings 37k on deposit
Do you have a pension scheme? Husband in semi state does
Do you own any investment or other property? 2 other properties, 1 bought in 2000 other bought in 2005, both lived in as PPR but moved on to bigger houses and stupidly retained, both paying for themselves and profit being made on them , not huge but enough to give us a tax bill at end of year.
Ages of children: 1.5 and 1 on the way
Life insurance: husbands work has a life insurance thing through the pension fund and we have life insurance on PPR - none on rental props
What specific question do you have or what issues are of concern to you?
Prob think I'm crazy but we would like to move to another house, and I'm guessing only option would be to rent out existing PPR, so I'm just wondering what the likelihood of getting another mortgage for a new PPR would be given the negative equity on our current. I would say the other two rental props are not in negative equity but would be v. close. Anyone know. This is my first post but I'm an avid reader of AAM
Spouse’s/Partner's age: 36
Annual gross income from employment or profession: 43k
Annual gross income of spouse: 63-80k depending on bonuses
Type of employment: e.g. Civil Servant, self-employed: me private sector, husband semi state
In general are you:
(a) spending more than you earn, or
(b) saving? b - where we can
Rough estimate of value of home: bought in 2007
now at 330k I would thinkAmount outstanding on your mortgage: 470k
What interest rate are you paying? 50: 50 split 2.05 tracker and coming of fixed in 2 months at 4.89 should go to 2.5% (yippee)
Other borrowings – car loans/personal loans etc None
Do you pay off your full credit card balance each month? Yes and Yes
If not, what is the balance on your credit card?
Savings and investments: Savings 37k on deposit
Do you have a pension scheme? Husband in semi state does
Do you own any investment or other property? 2 other properties, 1 bought in 2000 other bought in 2005, both lived in as PPR but moved on to bigger houses and stupidly retained, both paying for themselves and profit being made on them , not huge but enough to give us a tax bill at end of year.
Ages of children: 1.5 and 1 on the way
Life insurance: husbands work has a life insurance thing through the pension fund and we have life insurance on PPR - none on rental props
What specific question do you have or what issues are of concern to you?
Prob think I'm crazy but we would like to move to another house, and I'm guessing only option would be to rent out existing PPR, so I'm just wondering what the likelihood of getting another mortgage for a new PPR would be given the negative equity on our current. I would say the other two rental props are not in negative equity but would be v. close. Anyone know. This is my first post but I'm an avid reader of AAM