Age:
37
Spouse age:
33
Combined net income from employment or profession:
E64,000
Type of employment:
Public semi state (14 years in employment)
Fulltime Private Company (Spouse 2 years in employment)
Expenditure pattern:
We spend what we earn each month
Rough estimate of value of home:
€170,000
Mortgage details:
186,000 outstanding 25 years left of 35 year mortgage with Ulster Bank
Monthly payments 700 a month
Other borrowings – car loans/personal loans etc
€8000 Credit Union Loan
Do you pay off your full credit card balance each month?
N/A ( got rid of credit cards)
Savings and investments
Nil
Do you have a pension scheme?
Yes I have had mine since 2002
Spouse has his since last year
Do you own any investment or other property?
No, We have the aforementioned property rented out.
Rental Income: €700 p/m
Loss from previous years carried forward and offset against any income tax payable
Ages of children:
4 & 7
Childcare 650 per month
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
1. House purchase
Should we look into Ulster Banks offer of transferring NE tracker to a new property or wait until house has equity that we could use as a deposit for a property in the future. We are currently in rented accommodation paying €550 per month
37
Spouse age:
33
Combined net income from employment or profession:
E64,000
Type of employment:
Public semi state (14 years in employment)
Fulltime Private Company (Spouse 2 years in employment)
Expenditure pattern:
We spend what we earn each month
Rough estimate of value of home:
€170,000
Mortgage details:
186,000 outstanding 25 years left of 35 year mortgage with Ulster Bank
Monthly payments 700 a month
Other borrowings – car loans/personal loans etc
€8000 Credit Union Loan
Do you pay off your full credit card balance each month?
N/A ( got rid of credit cards)
Savings and investments
Nil
Do you have a pension scheme?
Yes I have had mine since 2002
Spouse has his since last year
Do you own any investment or other property?
No, We have the aforementioned property rented out.
Rental Income: €700 p/m
Loss from previous years carried forward and offset against any income tax payable
Ages of children:
4 & 7
Childcare 650 per month
Life insurance:
Yes.
What specific question do you have or what issues are of concern to you?
1. House purchase
Should we look into Ulster Banks offer of transferring NE tracker to a new property or wait until house has equity that we could use as a deposit for a property in the future. We are currently in rented accommodation paying €550 per month
Last edited: