Thanks for reply Brendan,
Income (net) €3000 per month (self) Public servant
Spouse (net) € 2800 pm, private sector
Child benefit €200 pm
Four Children - Three in Third level
Home loan on tracker € 26000 remaining
Investment properties-
Have sold one with residual of 60,000, Ten year term at 5.05per cent this was original rate,however we had 16yrs left on term but Bank put us on Ten years,
Second property- main mortgage and one top up on interest only, other top up €19000 on full payments total mortgages €170000, value maybe €143000.
Bank say no more interest only, insisting on sale, after experience of first sale i am reluctant, would rather keep property as negative equity is slowly being eroded.
Family home sacrosanct.