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Buy to let mortage advice needed
lowermill
Posts: 2 Newbie
I am in the process of buying a flat to let. To do this I can either borrow on my existing home mortgage with no charge (it is a flexible loan) or take out a new buy to let mortgage.
To assess which is the best to do I will compare rates and take into accounts set up charges.
Are there any other financial, tax or legal considerations?
Thanks in anticipation.
Lowermill
To assess which is the best to do I will compare rates and take into accounts set up charges.
Are there any other financial, tax or legal considerations?
Thanks in anticipation.
Lowermill
0
Comments
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You can offset the interest of a Buy to Let mortgage against your tax bill so you should defintely take a BTL out.0
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You can offset the mortage interest against the rental income for tax purposes whatever type of mortage you have.
Just get the best value mortgage - you dont have to have a specific btl mortgage.:A Goddess :A0
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