F
fancydan
Guest
Hi,
I purchased my first house over a year ago on a 250k mortgage and I can afford the repayments on my own without the help of the rental income that I'm getting from letting out 2 rooms which is being saved at the moment.
I've have now got about €20k in the bank(savings plus another source) which along with my semi-SSIA (10k) is probably enough for a deposit for a second house. With a variable salary (bonus/overtime) of between €35k-€40k, how much would I be able to afford? Would I be putting myself under too much pressure financially? Should I stay away from property and invest otherwise?
The online calculators I've tried arent really specific enough I thought.
Just looking for thoughts and opinions really.
Thx
Dan
I purchased my first house over a year ago on a 250k mortgage and I can afford the repayments on my own without the help of the rental income that I'm getting from letting out 2 rooms which is being saved at the moment.
I've have now got about €20k in the bank(savings plus another source) which along with my semi-SSIA (10k) is probably enough for a deposit for a second house. With a variable salary (bonus/overtime) of between €35k-€40k, how much would I be able to afford? Would I be putting myself under too much pressure financially? Should I stay away from property and invest otherwise?
The online calculators I've tried arent really specific enough I thought.
Just looking for thoughts and opinions really.
Thx
Dan