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DjembaDjemba
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Re: Posting Guidelines for this forum
Looking for advice as to what to do with lump sum received for the sale of a house gone through earlier this year. Would it be a good investment to pay off the full mortgage on residence and invest some of the remainder, or would it be more advisable to keep some of the mortgage open but invest more into equities. Also recently opened a first Active regular savings account after reading the tips on this website, cheers lads. Also interested in taking out some AVC scheme, are these good value for money? Would be grateful for any advice. Tks!! Age: 36
Spouse’s/Partner's age: 33
Annual gross income from employment or profession: 70,000
Annual gross income spouse:65,000
Type of employment: Radiologist
Expenditure pattern: In general are you spending more than you earn or are you saving? Recently opened asvings account, to deposit €1,000 monthly
Rough estimate of value of home €420,000
Mortgage on home €260,000
Mortgage provider: Ulster
Type of mortgage: Tracker, 4.95%
Other borrowings – None
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? €3,000
Savings and investments:€330,000 sale of property this year
Do you have a pension scheme? Yes, health service pension
Do you own any investment or other property? Foreign property, value €120,000. Mortgage €515, Monthly rental €426
Ages of children: No
Life insurance: Just mortgage protection
Looking for advice as to what to do with lump sum received for the sale of a house gone through earlier this year. Would it be a good investment to pay off the full mortgage on residence and invest some of the remainder, or would it be more advisable to keep some of the mortgage open but invest more into equities. Also recently opened a first Active regular savings account after reading the tips on this website, cheers lads. Also interested in taking out some AVC scheme, are these good value for money? Would be grateful for any advice. Tks!! Age: 36
Spouse’s/Partner's age: 33
Annual gross income from employment or profession: 70,000
Annual gross income spouse:65,000
Type of employment: Radiologist
Expenditure pattern: In general are you spending more than you earn or are you saving? Recently opened asvings account, to deposit €1,000 monthly
Rough estimate of value of home €420,000
Mortgage on home €260,000
Mortgage provider: Ulster
Type of mortgage: Tracker, 4.95%
Other borrowings – None
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? €3,000
Savings and investments:€330,000 sale of property this year
Do you have a pension scheme? Yes, health service pension
Do you own any investment or other property? Foreign property, value €120,000. Mortgage €515, Monthly rental €426
Ages of children: No
Life insurance: Just mortgage protection