Have mortgage of€60,000 left on 20yr loan. getting out of 7yr fixed in summer. Was thinking of 3 yr Fixed/Variable in 70/30 ratio. Is that possible/wise?
Have salary of €60,000+lump sum of €10,000 (in deposit account) and SSIA(Pip/Ark Life) of €15,000 maturing this summer. Will also have €254 freed up once SSIA payments end. Should I put SSIA and lump sum as a capital payment into the mortgage? Someone told me to leave the SSIA as it is. Also interested in advice given re. Stock Market and good deals offerred by firms such as Goodbody and Campbell O'Connor. Am I in a position to consider something in this area.The €10,000 in the deposit account - is that wasting away? I am totally ignorant of the stocks and shares area but would like to hear suggestions.
Boggie.