Irish Daily Star - Money Doctor column 16th June 2016


Q. I received an inheritance of € 59,000 from my late father’s will. It is all tax free and I have an outstanding mortgage of € 284,000 on a tracker rate. With income of over € 90K between the two of us, we can well afford it despite two young children aged 7 and 9. I am getting confusing advice as to whether I should pay this off with my inheritance or keep it and invest it elsewhere. Deposit rates are hardly an incentive. What does the Doc think ? Thanks Ger – Longford



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