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Hi Purple, no I haven't talked to the bank with which we have our existing mortgage, despite being aware of this option to move the tracker since they are not aware that we have let out the apartment and don't want to lose the tracker. Thanks for the advice

Thanks Bronte, they are all valid points and we are trying to be clever with the design. I'm sure the years will fly by and it won't be long before it's just the two of us in the house. Any advice on the interior layout would of course be welcome

HaHa, hopefully not! However I'm interested in what you mean by the word McMansion here. Are you using it in the typical way to describe an oversized house, built on a prominent site with no effort made to integrate it with its surroundings, with non vernacular proportions and finishes or since...

Sorry that I haven't replied recently, I wasn't in a position to do so. So, it appears my current position isn't bad relatively speaking. However I do have to bear in mind that the rent we are taking in for the apartment is ridiculously high at the moment, it was as low as €750 euro p/m at one...

I hope it's ok to bump this, I have some more detailed figures and would like to see if these change any opinions given earlier concerning selling or holding on to the apartment I spoke with my accountant and he informed me that over this tax year and the next will see a jump in the amount of...

Thanks again RedOnion for your thoughts, plenty to think about. You're right, I wouldn't buy the apartment myself at that price, but then I'm still rattled at how my first dip into the property market went!

Thanks for your input RedOnion. I'm pretty financially clueless but trying to improve. I'll update with more accurate figures re. yield when I get them, but I think you're correct. I'd be confident enough than in the short term the value of the apartment will rise somewhat, it's a nice property...

I updated the info above with the monthly mortgage repayments which are 1019. Yes, our tax position is up to date. I'm not sure if that answers your question or not, please let me know any further details I can provide

Age 38 Spouse 40 Annual gross income Approx 90000 (base salary just 64,000) Spouse: approx 55000 + 1 child's allowance Monthly take-home pay 3290 Spouse 2900 Monthly costs of note Paying 160 per week child care, 400 per month rent Type of employment Private Sector Spouse: Primary School...