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    • BTL Me
    • By BTL Me 12th Mar 17, 9:10 PM
    • 1Posts
    • 0Thanks
    BTL Me
    Mortgage Interest Relief
    • #1
    • 12th Mar 17, 9:10 PM
    Mortgage Interest Relief 12th Mar 17 at 9:10 PM
    I've released equity from my home to finance the deposit on a buy to let.

    Can I claim mortgage interest tax relief on the 2nd loan on my principal residence (which was used to purchase the BTL) in the same way that I can claim mortgage interest relief on the buy to let mortgage?
Page 1
    • silvercar
    • By silvercar 12th Mar 17, 9:14 PM
    • 36,668 Posts
    • 154,743 Thanks
    • #2
    • 12th Mar 17, 9:14 PM
    • #2
    • 12th Mar 17, 9:14 PM
    Yes you can. The maximum allowed is the value of the property when first let. It doesn't matter whether it is secured on that property, another property or not secured at all.

    The rules are changing over the next few years, restricting the amount you can claim, but the principal still holds.
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