Personal details
Your age: 46
Your spouse's age: 45
Partner's age if not married:
Number and age of children:
14yrs, 12yrs, 9 yrs
Income and expenditure
Annual gross income from employment or profession: 35,000 (part time worker)
Annual gross income of spouse/partner:
240,000
Monthly take-home pay:me 2200
spouse 9,500
Type of employment - e.g. Employee or self-employed.employees
Employer type: e.g. public servant, private company.me: public, spouse, private
In general are you:
(a) spending more than you earn, or
(b) saving?
We are saving as we were thinking of moving house. But now I have come into a good bit of inheritance so we will still move but have more cash now.
Summary of Assets and Liabilities
Family home value: 1million
Mortgage on family home: 200000
Net equity:800000
Cash:150000
Defined Contribution pension fund: I have civil servant pension but I am a job sharer so it won’t be a full pension when I retire
Company shares : 0
Buy to Let Property value:0
Buy to let Mortgage:0
Total net assets:
Family home mortgage information
Lender avant
Interest rate 1.9
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate? Fixed for 3 more years
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant)
Monthly repayment:20 years left
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? No loans or Cc
If not, what is the balance on your credit card?
Pension information
Value of pension fund: I did an online calculator and I should get 32000 including state pension
Spouse has maxed out his pension contributions
Buy to let properties
Value:
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Other information which might be relevant
Life insurance:
I have civil service death in service. Spouse has excellent 4 times salary
What specific question do you have or what issues are of concern to you?
I have been left a large estate from my friend who sadly died of cancer. After the inheritance tax I am left with 2 properties 1. 530k and a holiday home 270k. There is cash of 200k.
Although the holiday is home is lovely I think I will sell it.
We were thinking of moving house. Our dream house is circa 1.6 million. Should I sell both properties to fund this or hang on to one as an investment ?
Your age: 46
Your spouse's age: 45
Partner's age if not married:
Number and age of children:
14yrs, 12yrs, 9 yrs
Income and expenditure
Annual gross income from employment or profession: 35,000 (part time worker)
Annual gross income of spouse/partner:
240,000
Monthly take-home pay:me 2200
spouse 9,500
Type of employment - e.g. Employee or self-employed.employees
Employer type: e.g. public servant, private company.me: public, spouse, private
In general are you:
(a) spending more than you earn, or
(b) saving?
We are saving as we were thinking of moving house. But now I have come into a good bit of inheritance so we will still move but have more cash now.
Summary of Assets and Liabilities
Family home value: 1million
Mortgage on family home: 200000
Net equity:800000
Cash:150000
Defined Contribution pension fund: I have civil servant pension but I am a job sharer so it won’t be a full pension when I retire
Company shares : 0
Buy to Let Property value:0
Buy to let Mortgage:0
Total net assets:
Family home mortgage information
Lender avant
Interest rate 1.9
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate? Fixed for 3 more years
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant)
Monthly repayment:20 years left
Other borrowings – car loans/personal loans etc
Do you pay off your full credit card balance each month? No loans or Cc
If not, what is the balance on your credit card?
Pension information
Value of pension fund: I did an online calculator and I should get 32000 including state pension
Spouse has maxed out his pension contributions
Buy to let properties
Value:
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Other information which might be relevant
Life insurance:
I have civil service death in service. Spouse has excellent 4 times salary
What specific question do you have or what issues are of concern to you?
I have been left a large estate from my friend who sadly died of cancer. After the inheritance tax I am left with 2 properties 1. 530k and a holiday home 270k. There is cash of 200k.
Although the holiday is home is lovely I think I will sell it.
We were thinking of moving house. Our dream house is circa 1.6 million. Should I sell both properties to fund this or hang on to one as an investment ?
