Personal details
Age: 34
Spouse’s/Partner's age: 36
Number and age of children: 2 (3 & <1)
Income and expenditure
Annual gross income from employment or profession: €125k + 10% bonus
Annual gross income of spouse: N/A: Career Break (previously €80k + 10% bonus)
Monthly take-home pay: €6.5k
Type of employment: PAYE
Saving about €1k per month on average.
Summary of Assets and Liabilities
Cash of €250k
Defined Contribution pension fund of €245k
Family home mortgage information
Currently renting €1.5k p/m
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
What specific question do you have or what issues are of concern to you?
Currently renting in Dublin from family at very low cost so current situation financially comfortable.
The rental and area no longer meets our needs with two children. We want (need) to buy. Mortage approved at €500k.
Is a €500k mortgage ok , assuming we return to 2x incomes in next 3/4 years? It would be a tight few years.
We are struggling to find good houses, that would meet our needs for the next 10 years + for <€700k.
Want to make sure we are not insane borrowing this amount.
Age: 34
Spouse’s/Partner's age: 36
Number and age of children: 2 (3 & <1)
Income and expenditure
Annual gross income from employment or profession: €125k + 10% bonus
Annual gross income of spouse: N/A: Career Break (previously €80k + 10% bonus)
Monthly take-home pay: €6.5k
Type of employment: PAYE
Saving about €1k per month on average.
Summary of Assets and Liabilities
Cash of €250k
Defined Contribution pension fund of €245k
Family home mortgage information
Currently renting €1.5k p/m
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? Yes
What specific question do you have or what issues are of concern to you?
Currently renting in Dublin from family at very low cost so current situation financially comfortable.
The rental and area no longer meets our needs with two children. We want (need) to buy. Mortage approved at €500k.
Is a €500k mortgage ok , assuming we return to 2x incomes in next 3/4 years? It would be a tight few years.
We are struggling to find good houses, that would meet our needs for the next 10 years + for <€700k.
Want to make sure we are not insane borrowing this amount.