Low LTV costs?Make Text Bigger
I have two BTL interest only mortgage, which are coming to an end and I need to find another provider.
Unfortunately, the LTV has changed considerably as the flats have reduced in value and in order to find another decent mortgage rate I will have to reduce the mortgage amount by £65000 from my savings to get the LTV to 75%.
My question is regarding the tax implications of the £65,000, I am assuming that this will be deducted from my capital gains calculations when I sell the flats, but can I also claim any tax relief?
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