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Using existing home equity to buy a new home?
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BTL is very different to running other business where the businessperson can expect to get full tax relief on finance costs against profit. The very limited offsetting benefit of finance costs on BTL is what makes this let to buy route impractical for many HRT payers.Hoenir said:
BTL is no different to running any business. Those that it get it badly wrong are generally ill-equipped and uninformed. There's no easy was way other than to perform your homework properly before venturing into property letting. .I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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