Summary
QI intend to buy a property for letting and will need to borrow virtually the whole of the purchase price. I have been told by prospective lenders that they will want to secure the loan by taking a charge on both the investment property and my own home which is mortgage free at present. Will this mean that part or all of the interest will not be tax deductible from the rents?
ANo. Provided all of the money you borrow is used to purchase the investment property, the interest will be fully deductible from the rents.See the full content of this document
Extract
Problems Buying a Property to Rent
QMy wife worked full-time until our first child was born about 20 ye...
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