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Mortgage advise

Cats_are_great
Cats_are_great Posts: 51 Forumite
edited 8 April 2013 at 10:36PM in Credit cards
I own my property outright, I intend to let this house and buy another with the help of a mortgage to live in.

Should I just get a new mortgage on the new house or release equity from the house that I own and intend to rent out? :money:

I am confused over tax relief

Thanks in advance

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why do you think that the Credit Cards board is a better place for asking this than, say, Mortgages & Endowments or House Buying, Renting & Selling or Cutting Tax?
  • cos_2
    cos_2 Posts: 624 Forumite
    Part of the Furniture Combo Breaker
    He posted in "House Buying, Renting & Selling" at 10.39. Possibly couldn't delete this?
  • The_Boss
    The_Boss Posts: 5,863 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The people on the mortgage board will advise you with some good advice.
  • Grumbler, it was my first post and didn't select the correct forum......if my question was so disagreeable to you, you should have ignored it. No need for rudeness!

    The Boss, and Cos thank you
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 10 April 2013 at 11:46PM
    I think you have serious problems if you find my post rude. In fact it was an ironic advice to post in the right place and the list of possible places.

    And if you posted here erroneously and then found the right place to ask your question, you should have come back here and edited your post instead of relying on Cos or somebody else to trace all your posts and do this for you.
  • cos_2
    cos_2 Posts: 624 Forumite
    Part of the Furniture Combo Breaker
    grumbler wrote: »
    I think you have serious problems if you find my post rude. In fact it was an ironic advice to post in the right place and the list of possible places.

    And if you posted here erroneously and then found the right place to ask your question, you should have come back here and edited your post instead of relying on Cos or somebody else to trace all your posts and do this for you.

    You've chosen your MSE name well, Grumbler! :rotfl:
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