Remortgage Interest Allowable Expense

by Readers Question

14:57 PM, 16th June 2014
About 5 years ago

Remortgage Interest Allowable Expense

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Remortgage Interest Allowable Expense

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. Remortgage Interest Allowable Expense

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



Comments

Mark Alexander

16:05 PM, 22nd June 2014
About 5 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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