Sell House to buy home?

Age: 28
Spouse’s/Partner's age: 28

Annual gross income from employment or profession: €50,000
Annual gross income of spouse: €60,000

Type of employment: e.g. Civil Servant, self-employed
Both Private

In general are you:
(a) spending more than you earn, or
(b) saving?
Saving

Rough estimate of value of home (currently renting it) 240k
Amount outstanding on your mortgage: 200k
What interest rate are you paying? BOI variable

Other borrowings – car loans/personal loans etc None

Do you pay off your full credit card balance each month? Yes
If not, what is the balance on your credit card?

Savings and investments: me 43K partner 40k

Do you have a pension scheme? no

Do you own any investment or other property? mortgage €1150 per month

House value as above 240k

Ages of children: na

Life insurance: na


What specific question do you have or what issues are of concern to you?

Me and partner are thinking of getting a house together. Not sure of the value but ones we like are in the order of 500k. Hopefully we can afford this? My question is would i be better selling the property that i own or keep it rent it out and buy another house/ home. We are not married

You won't get a joint mortgage of €450K on your combined incomes while you have a mortgage already. You will either have to sell or look at a cheaper house.