treadstone
Registered User
- Messages
- 5
I am seeking advice and suggestions around minimising my mortgage repayments by potentially consolidating mortgages in both Ireland and Poland while trying to evaluate the issues with trying to keep a line of credit available for a potential future venture.
My situation is;
Dublin
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I rent out a 4-bed house in Dublin (mkt value Eur480,000) at Eur1,350 p.m. The mortgage outstanding is Eur330,000 with annuity repayments of Eur1,852 p.m. (ECB+1.1% at IIB)
I have Eur150,000 on deposit with Rabobank earning 4.3% which was released from this property with the original intention of making further property investments.
Poland
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I rent out an apartment in Poland (mkt value Eur315,000) at Eur1,300 p.m. The mortgage outstanding is Eur135,000 with interest-only repayments of Eur690 p.m. (5.83% at BZWBK)
Other Savings
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Approx Eur25,000 SSIA money in EBS (Irish Life Summit Fund) performed poorly well since maturity because of market exposure.
Credit Union about Eur7,000 (have to check up on this)
My situation is;
Dublin
------
I rent out a 4-bed house in Dublin (mkt value Eur480,000) at Eur1,350 p.m. The mortgage outstanding is Eur330,000 with annuity repayments of Eur1,852 p.m. (ECB+1.1% at IIB)
I have Eur150,000 on deposit with Rabobank earning 4.3% which was released from this property with the original intention of making further property investments.
Poland
------
I rent out an apartment in Poland (mkt value Eur315,000) at Eur1,300 p.m. The mortgage outstanding is Eur135,000 with interest-only repayments of Eur690 p.m. (5.83% at BZWBK)
Other Savings
-------------
Approx Eur25,000 SSIA money in EBS (Irish Life Summit Fund) performed poorly well since maturity because of market exposure.
Credit Union about Eur7,000 (have to check up on this)