Refinancing Question

You are here : Member Forums Tax Planning and Financial Refinancing Question
This topic has been locked as no posts have been made within the last 90 days.
T
Tupenceworth
412 Posts
4 Thanks
60k borrowed on main residence, (capital &repayment), this was raised 3yrs ago for deposit on another BLT. I claim the interest part of this 60k against rental income. I now want to pay this 60k off our main residence by borrowing against another fully owned BTL (unmortgaged, value 100k) on an interest only mortgage. Am I correct in thinking that the interest on the 'new' 60k can still be offset against rental income.
12/01/2008 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