Thanks for all the replies and advice. Just to clarify our combined earnings are €67k although that probably doesn't make much difference.
We are paying capital off the property we own and not interest only.
The reason we were hoping not to sell yet is because we have tenants who are set on staying andwe're very happy with them. We were hoping we could hold onto it until the negative equity figure comes down.
I've been told by mortgage store that we could use the rental income as income and they would count the difference as outgoings when assessing our mortgage suitability.
Any thoughts?
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