Renting out apartment

[Howitzer]

So, what I had on mind was to stay and rent the current place, and let out the apartment. That would enable me to literally save 300 Euro a month provided that the tenants service my mortgage. In case I do not get sufficient amount of rent, I always have the option of moving in and repaying the mortgage as planned in the first place. Does this make sense?

This makes no sense to me, and I know a number of people who have done the same thing. In a couple of years the Revenue are just going to wipe the floor with people trying this on.

 

[kasko]

This makes no sense to me, and I know a number of people who have done the same thing. In a couple of years the Revenue are just going to wipe the floor with people trying this on.

In a couple of years people release good equity given the increase in house prices. The question is whether this trend is going to continue. I believe that will certainly be the case in the next ten years.