11:56 AM, 2nd December 2016, About 6 years ago 3
I’m looking at venturing into the mixed use property market (e.g. shop on ground floor, residential above). Two reasons: No need to pay SDLT if it’s under £150k, even though I own multiple properties. Diversifying my portfolio so all my eggs aren’t in the residential sector.
The property I’m looking at is freehold and is currently leased out as a whole to one person. I believe I will need a commercial mortgage to raise the finance as it’s mixed use? It won’t be held in a Ltd company.
Will I be able to claim mortgage interest tax relief on this as it’s mixed use and not solely residential?
Thanks for reading and look forward to your feedback.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Previous ArticleAdvice on selling Freehold please
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|