Granny in the Annex
Dear Readers,
I am looking to convert my double detached garage into a annex for the purpose of renting for approx £600 PCM, the cost for conversion would be approx £20,000 which I am looking to pay for with savings.
I have a mortgage of approx £100,000 on the main residence. My question is would my best option be to rent the Annex under the rent a room scheme or would I be able to rent the annex & claim back any tax due against the interest which is paid on the mortgage for the main residence?
Thanks Stephanie
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
I would like External Wall Insulation for my tenants
Member Since December 2013 - Comments: 86
6:55 AM, 2nd May 2014, About 12 years ago
Reply to the comment left by “MdeB ” at “30/04/2014 – 19:31“:
And full planning consent, separate utilities, possible parking space, somewhere for the bins. Basically a new dwelling.