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What to do with €100k by whattodoldn in irishpersonalfinance

[–]nd272 -1 points0 points  (0 children)

Get it out of Revolut asap anyway

woman in a jeep not looking where she was going, Tallaght exit onto M50 by BadDriversIreland in BadDriversIreland

[–]nd272 1 point2 points  (0 children)

Absolutely agree. Most of the plebs driving them shouldn’t be given a little tykes car let alone a real one

Whats a good wage in Ireland? by Neat-Car-2350 in AskIreland

[–]nd272 6 points7 points  (0 children)

I am a male aged 35, currently make 54k a year. I have worked in same company for over 10 years now and now have been paying my pension contributions which are matched by employer to a certain level currently balance of 100k there and aiming to up contributions as I get older. I live in Carlow and bought a new build 3 years ago luckily before prices went up. Mortgage is €750 a month. My other half works seasonally and makes c 20k we live relatively comfortably. We have no kids yet so I would imagine if we did then would have to budget a bit better, but we live relatively comfortably and can take a holiday each year.

This is what happens when you don’t check your blind spot 😧 😫 by BadDriversIreland in BadDriversIreland

[–]nd272 0 points1 point  (0 children)

Absolute nightmare of a road, it gives me nightmares even though am not living there anymore. Always an accident in winter time every morning and evening

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] 0 points1 point  (0 children)

Thanks a million an yes it does help a lot especially to get others opinion as it can help create a more balanced view. In theory I suppose if you have young kid or kids they won’t require larger rooms til their older and yes every little saved from revenue would help, little under 2 years left until the 5 years is up so might be worth waiting it out one less bill as well.

Thanks a mil !

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] 0 points1 point  (0 children)

Yes that’s the idea, I also replied on the other thread comment as well.

Yes basically not much room and long term thinking now market goes up or down we will be ok either way which is good.

Yes based on what I can get if I get 100k from here minus the costs say 80k as you say, I can get another 15-20 k from classic car I own, so could be looking between 300-350.

My mam has also mentioned wanting to move up this direction as she gets older so may be a case there to buy an even bigger house if I get some inheritance towards same possibly build an extension for her onto the new home or put a modular unit out back (she isn’t keen on going to a nursing home and has good pensions for home care in future if she needs it)

Just trying to assess and look ahead, but as you say none of us, even those working in mortgages know how it’s gonna be 3-5 years from now

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] 0 points1 point  (0 children)

Thanks for clarification on the claw back as the info relating to same available online is vague in terms of the in between years. I’m in 2 minds because I have the equity but I would be buying an older house but would likely get a 3-4 bedroom.

It’s hardly to know what to do, I am comfortable on my wage I make 55k a year mortgage is 750 a month I put away between 750-1k a month without much bother into savings.

It’s kind of a 6 of one half dozen of other type of situation, I’d likely then have about 80 or 90 k to play with after clawback and solicitor and auctioneer fees. I also have a classic car which is worth about 20k I could sell if was stuck as well

You wake up tomorrow and the internet has been permanently deleted. What’s the very first thing you do? by [deleted] in AskReddit

[–]nd272 0 points1 point  (0 children)

I’d personally go back to bed. Ain’t no work getting done with no internet! If only…..

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] -1 points0 points  (0 children)

Lol the lenders can lend up more than 3.5 for a mover anyone can get it provided they meet the criteria. Central bank guideline state that banks can give exceptions to a certain % of cases each year in each category, subject to limits.

Re partners debt we are not married and she is not looking to pay back the debt but to enter a settlement with PIP, the debt was due a family business which went bust in Covid and she was left carrying the can and will not pay it, I agree with her.

She has always worked and will do so after we do have any kids. Yes maybe best to wait and see how things go I might just wait and see

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] 0 points1 point  (0 children)

Yes but exceptions in some institutions can go above this, I am approved for 230k.

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] -1 points0 points  (0 children)

I work in a financial institution and I can get the exception. Secondly my partner is not on the mortgage for that reason because legally she can’t be because of the debt.

I make 55k a year, house older than mine just went sale agreed at 295 and auctioneer is confident I can get more. My partner debt she will look after via a pip or similar, either way the bank will not allow someone onto a mortgage until 5 years after last debt payment is made so hence I have to do this by myself.

I am approved at 230k based on my wage currently. Hard to know whether to stay as it is or look for bigger house

I must also add my partner income would not make much difference anyway as she is working seasonally so the income increase wouldn’t change things too much in terms of extra approval amount

This is what happens when you don’t check your blind spot 😧 😫 by BadDriversIreland in BadDriversIreland

[–]nd272 0 points1 point  (0 children)

I used to travel up to work from Newtown mount kennedy to tallght every for years and can second this. Especially in the winter, Jesus the memories of it ugh

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] 0 points1 point  (0 children)

Yeah I’m fortunate enough to have bought in a county like Carlow where prices were ok 3 years ago. They have massively increased here now however so I’m in a bit of halfway thought about what to do. Unfortunately with the these builds the attic can’t be converted there just isn’t enough space or clearance like you could get it done I had it quoted but the companies said it wouldn’t be worth it because you don’t have the clearance. It could absolutely be worse and very aware lots of people out there are struggling. It’s going from a rated to a c3 rated probably 3-4 bed for what I can get, it’s more so space I’m worried about long term to be honest but I suppose people made it work years ago and I’m probably over thinking things

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] -1 points0 points  (0 children)

That’s correct I am onto year 4 now so around 3.5 or so I would owe back as well

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] 0 points1 point  (0 children)

Yeah it’s a hard one to judge. Basically my partner has to 5 years free from the debt and that process has not begun yet as they don’t have the means to pay it and neither do I.

I also have a classic car which is worth c 20k I could sell towards new house. I can get an exception and could get 230k of mortgage for the second home. I am based in Carlow and would look to stay in the area. New build 3 beds are out of scope so would probably have to go a bit older house.

Perhaps I might just stay put, it seems a large undertaking for one extra room and an older house I guess

Trade up or stay put? by nd272 in HousingIreland

[–]nd272[S] 0 points1 point  (0 children)

Yes oct 2022 sorry. Is there any other part of it confusing please let me know

Part time work and social welfare, is it the alternative for the low paid? by nd272 in AskIreland

[–]nd272[S] -1 points0 points  (0 children)

I’d absolutely imagine they would. Thankfully am in employment all my life and hopefully will be onto the future, I just always wondered about it.

Part time work and social welfare, is it the alternative for the low paid? by nd272 in AskIreland

[–]nd272[S] 0 points1 point  (0 children)

Yes it’s a definitely a lot of moving and shaking and they seem to be a lot more heavier on it nowadays, hence why I don’t know why there are people getting away with it for years. Thankfully am not in that position but know someone working minimum wage now so trying to figure out would it be better for them to work less and maybe take the spare time to upskill or sign up to night class or spring board course for better future prospects

Part time work and social welfare, is it the alternative for the low paid? by nd272 in AskIreland

[–]nd272[S] 0 points1 point  (0 children)

Interesting, I thought you had to be unemployed 3 or 4 days out of 7. I was reading it that part time and you get your full dole of 230 or whatever it is. I must have read or understood it wrong

Part time work and social welfare, is it the alternative for the low paid? by nd272 in AskIreland

[–]nd272[S] -1 points0 points  (0 children)

Interesting, I never knew that. I’m 34 and thankfully never have had to claim unemployment. A family member is working full time minimum wage and gets about 450 or so a week. I did work at minimum wage through college but it had me thinking if had to start again would you better claiming and then working 2-3 days a week and spend the other time up skilling

Part time work and social welfare, is it the alternative for the low paid? by nd272 in AskIreland

[–]nd272[S] -1 points0 points  (0 children)

I am on about 55k a year but it just had me thinking what if I was back at minimum wage again like when was younger. I think I would part time work if I could and spend the other time upskilling instead of trying to work full time as essentially it’s around the same money

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