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renting out second home
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That's interesting, will look into that. That's could save a chunk of the cash:money:.0
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First_Time_Landlord wrote: »We want to rent our home for around £800 per month as the mortgage repayments are around £650.
Profit made is taxable. Only interest element of mortgage repayment is tax deductible. Your lender may impose an interest loading for letting the property. You are also responsible for maintenance. Check that the numbers stack up before diving in.0
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