Buy to let

mortgage claim

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a client is extending their own mortgage to generate cash to purchase a buy to let property

will their be able to claim a proporation of mortgage interest against the new property?

Replies (7)

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Psycho
By Wilson Philips
30th Oct 2019 12:00

Clarify what you mean by "will their be able to claim a proporation of mortgage interest against the new property?"

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By Accountant A
30th Oct 2019 12:09

This is a question that gets asked about once a month if you use the search facility.

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Replying to Accountant A:
Psycho
By Wilson Philips
30th Oct 2019 12:55

Perhaps if one used the search facility it wouldn't get asked about once a month!

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Replying to Wilson Philips:
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By Accountant A
30th Oct 2019 13:09

Quote:

Perhaps if one used the search facility it wouldn't get asked about once a month!

Exactly.

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Jerome lane stewart and co
By Jerome Lane
31st Oct 2019 09:18

Yes, as long as they can demonstrate that the finance is used for the property business. There will be a restriction where funds are used personally.

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Replying to Jerome_Lane:
By Paul D Utherone
31st Oct 2019 12:08

...and bear in mind the rules for interest relief

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By SteveHa
31st Oct 2019 09:56

I'm wondering what's so sensitive about the question that it demands anonymity.

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