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Buy To Let, No Mortgage - How Does It Work
Comments
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So if property was worth £100k and the mortgage was £50k then this would be ok?
As 00ec25 says, it is the value when first let that counts as an allowable expense for tax purposes.
You can borrow as much as anyone will give you.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
there are loads of details we could give him but frankly he would be better off posting himself rather than you feeding him second hand
Fantastic advice.
I'd prefer that too. I'll get him to sigh up and reference this thread.
Cheers guysMortgage free for 5 months :T Then got another mortgage:rotfl:0
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