📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Buy to let mortgage

Hi

I am considering remortgaging my existing property which is currently mortgage free to enable me to buy a second property which I would then rent out. My question is can I set my mortgage payment costs against tax?

Thanks

Comments

  • antrobus
    antrobus Posts: 17,386 Forumite
    Northboy wrote: »
    Hi

    I am considering remortgaging my existing property which is currently mortgage free to enable me to buy a second property which I would then rent out. My question is can I set my mortgage payment costs against tax?

    Thanks

    Yes.

    (But only the interest part of the mortgage payment)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 600K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.