Buy to let mortgage 30 April 2012 at 9:44AM edited 30 November -1 at 1:00AM in Mortgages & Endowments 1 reply 673 views

Northboy

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

antrobus

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)