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Mortgages on houses to let
bose_2
Posts: 4 Newbie
Hi I have recently purchased a property and re mortgaged my current property to buy this house out right-I now rent this propety out and use all money recieved off tenants to pay off my existing mortgage -I have since been advised that I should have bought the new property on a buy to let mortgage due to tax reasons. Can anyone help and let me know the implications of keeping my two houses on the one mortgage.
0
Comments
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You can google landlords websites but I think basically the point is if you had got a mortgage on the new property then the cost would be tax efficient and you could claim for all repairs etc and for repayments.0
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