new place

I put a deposit down on a new appartment for €268k
Won't be ready until spring of 2007.
Plenty of time to see where I stand.

I would like to maybe keep my current home for rental.

What are the implications.

House at the moment was purchased 2 years ago for 179k worth about 260k now, I would guess the house would appreciate in value within the next 18 months.

Any advice, any pitfalls in keeping house 1?

Would I be as well to sell the house and try and reduce my mortgage as much as possible?

I know this has probably been done to death but I appreciate any advice / comments.

It has been done to death to be honest. There are loads of threads on this already. For example this one summarises some of the key issues to consider.

OK had a look thanks clubman.


Still not sure what to do though.

I suppose probably as well to sell maybe next summer or a bit later even.