Remortgage Interest Allowable Expense
2:57 PM, 16th June 2014, 12 years ago
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I’m currently remortgaging my residential property to release equity with the sole purpose of using the funds to act as deposits for future BTLs.
I understand that the interest element on any BTL mortgage can be offset against rental income, but does this extend to the interest on my remortgage?
Thanks
James
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4:05 PM, 22nd June 2014, About 12 years ago
Reply to the comment left by “Parminder Panesar” at “22/06/2014 – 15:53“:
You could ask HMRC for a ruling but I very much four it would be favourable. Did your mortgage adviser put his advice in writing? If so you might have a claim against him for professional negligence if his advice turns out to be bad advice.
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