Hi,
I am in need of some guidance as I am not sure what to do about my situation.
I bought a house in Kildare 8 years ago for 280K (3 bed end of terrace house).
I've 240K left on the mortgage and I would think its got a sale value of approx 180 but possibly more now.
I rented it out in 2010 as the commute to Dublin was difficult with the hours I worked. (all the tax etc is declared)
I rented a property which I have recently moved out of into a lower price apartment.
I really want to buy an apartment in Dublin (I'm single & 40 so no need for a house - and I'm happier in apartments).
I got mortgage approval earlier this year for 250k.
So my options are:
1) Keeping renting the house in Kildare & buy in Dublin
2) Sell Kildare and carryover the negative equity
3) stay as I am but rental prices are increasing in dublin and my current apt is a short term let
I also have 50k in savings.
Which would be the best option for me?
thank you
I am in need of some guidance as I am not sure what to do about my situation.
I bought a house in Kildare 8 years ago for 280K (3 bed end of terrace house).
I've 240K left on the mortgage and I would think its got a sale value of approx 180 but possibly more now.
I rented it out in 2010 as the commute to Dublin was difficult with the hours I worked. (all the tax etc is declared)
I rented a property which I have recently moved out of into a lower price apartment.
I really want to buy an apartment in Dublin (I'm single & 40 so no need for a house - and I'm happier in apartments).
I got mortgage approval earlier this year for 250k.
So my options are:
1) Keeping renting the house in Kildare & buy in Dublin
2) Sell Kildare and carryover the negative equity
3) stay as I am but rental prices are increasing in dublin and my current apt is a short term let
I also have 50k in savings.
Which would be the best option for me?
thank you