Refinancing Question
Tax Planning and Financial

Neutron
Neutron
4 Thanks
417 Posts
14 years ago
0
60k borrowed on main residence, (capital &repayment), this was raised 3yrs ago for deposit on another BLT. I claim the interest part of this 60k against rental income. I now want to pay this 60k off our main residence by borrowing against another fully owned BTL (unmortgaged, value 100k) on an interest only mortgage. Am I correct in thinking that the interest on the 'new' 60k can still be offset against rental income.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £75 you can join in the discussion and get access to member's only resources and services join now.