Getting a second mortgage / buy to let question

I currently own a new 2-bed apartment in Dublin that we live in. It was built 2 years ago (bought 400k). We have been thinking about getting a second mortgage, buy a house (around 600k) and rent the apartment but I'm not sure how risky it could be considering the current housing market, inflation, etc.

We have also paid about 60% of the apartment's mortgage and the bank agreed to give us a load for a 600-650k house.

Would you suggest getting a second mortgage or does it make more sense to pay off the first mortgage before getting a second loan?

It's hard to give a useful answer without knowing your overall financial and personal circumstances.

This is really a money makeover question. Use the template here.

@NoRegretsCoyote Thanks, just opened this thread https://www.askaboutmoney.com/threads/getting-a-second-mortgage-buy-to-let-question.226378/