UK Landlord Forum / Life

I am considering remortgaging my main home to buy another which I would then need to rent out. Can you please advise if I would be able to claim the tax relief on the interest part of the repayment mortgage I am going to take out, as the mortgage is not listed against he rental property but against my main home?

Thanks in advance

99% sure that you can. It doesn't matter how you raise the money, it doesn't have to be a buy to let mortgage on the property you're letting. The low interest on a standard mortgage is likely to mean you'll have more 'profit/income' that will be taxable, but of course there's nothing you can do about that.

Agreed 100%.

I would venture to suggest that you can even claim part of your own mortgage interest to cover any cash you put into the project on deposit or improvements.

Thank you for the replies, puts my mind at rest.