Re-mortgaging for the purpose of buying another property

You are here : Member Forums Property Investment Re-mortgaging for the purpose of buying another property
This topic has been locked as no posts have been made within the last 90 days.
M
Member
4 Posts
0 Thanks
Does anyone know the tax legitimacy of re-mortgaging a buy-to-let house i own (with no mortgage), bought for about 25,000 25 yrs ago, now worth about 200,000. If i were to re-mortgage for say 100,000 and then use the money to buy another house, could i then offset some (a quarter?) or all of the interest against tax? Perhaps a question only an accountant can answer. Thanks for any info you can give me!
20/09/2010 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.
Landlord & Investment Show
Martin Co
Envirovent
Landlord Broadband

Share this page