T
tommy_boy
Guest
Hi All,
First timer but have been visiting site over the years .... checking out when INBS are likely to demutualise!
I require some advise in relation to funding a new house build and the best way to structure the loan.
Details:
House Cost: 250K
First Time buyer.
Site Valuation: 120K (Site transfer from Father to Son Only)
Savings: 130K (Assumes 10K from INBS)
Salary: 90K (Joint Salary)
No outstanding loans.
Pension: Defined benefit through employer .... Wife has no pension at present.
Child Care Cost: 450€ per month.
Rent: 600€ per month
Will be looking at getting a tracker mortage with a LVT<50%.
Should I invest all my savings into the house or could I invest my money else where to get a better return?
Max mortage term of 10yrs.....
All advise greatly appreciated.
Thanks in advance,
Tommy_boy
First timer but have been visiting site over the years .... checking out when INBS are likely to demutualise!
I require some advise in relation to funding a new house build and the best way to structure the loan.
Details:
House Cost: 250K
First Time buyer.
Site Valuation: 120K (Site transfer from Father to Son Only)
Savings: 130K (Assumes 10K from INBS)
Salary: 90K (Joint Salary)
No outstanding loans.
Pension: Defined benefit through employer .... Wife has no pension at present.
Child Care Cost: 450€ per month.
Rent: 600€ per month
Will be looking at getting a tracker mortage with a LVT<50%.
Should I invest all my savings into the house or could I invest my money else where to get a better return?
Max mortage term of 10yrs.....
All advise greatly appreciated.
Thanks in advance,
Tommy_boy