Re: Financial Advise - mtg/family
In terms of selling v renting your family home, key thing to watch out for is capital gains tax. If you sell your family home, you have no liability. If you sell a rented property in the years to come, you more then likely will have a CGT liability.
Secondly, if you are in the west and the property is in Dublin, who will manage it for you, will you use a letting agent given the fact that the hassle of trying to do this could be an issue given your distance
As for kids, best of luck with that. You will get the childrens allowance and the €1000 from the govt. This comes in total to just under €3k pa for the first. I'd be concerned however taking on a large mortgage at this stage, given that one of you will not be working for some months(will you get full maternity pay from your employer?) and in effect, you are leaving youself with no option but to return to work after the smallie arrives, as you'll struggle to pay a mortgage this size on your spouses salary alone, even if he were to take you TFA