Ability to offset mortgage interest

You are here : Member Forums Tax Planning and Financial Ability to offset mortgage interest
This topic has been locked as no posts have been made within the last 90 days.
D
DavidE
1 Posts
0 Thanks
We have a property that we rent out that currently has a mortgage of 30000. The current value is about 150000. We would like to take out a 2nd mortgage on the property to free up capital. Can we increase the mortgage on the property to say 100000 and claim interest relief on the new amount, or can this only be done if the additional 70000 is invested elsewhere in rental property?
10/01/2008 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page