Remortgage or sell??

Hi All,

New to this and its very informative!! Anyway I have a question if anyone could offer information or advice.

I have equity of approx €80,00 on a house I rent out, but I now need to buy another house as I've moved to a different area.

The above house is rented out, but I realise the rental market is changing i.e. rent dropping.

So here's my dilema...the mortgage I have been offered provisionally for another house wouldnt give me huge options to buy a decent home, so do I sell existing house or re-mortgage it??

take your 80k and run like hell. sell sell sell. in 2 years you may not have any equity on the house. the value of your house will of course go up again but how long will that take?

Cheers....I thought that myself, I was considering keeping the property for investment, but to what avail!! investment could dwindle over time