MORE THAN ONE HOUSE?
Buy-to-lets are a popular investment ...
Buy-to-lets are a popular investment and some people are, for example, retaining their old house or flat as a buy-to-let when they move to a new home.
In many cases, the transaction can be structured to obtain tax relief for the interest paid on some or all of the additional money borrowed.
What is possible will depend on the exact circumstances, so we would always advise clients to discuss their options with us before finalising the financial arrangements. That said, it is often possible to rearrange existing mortgages to increase tax relief for the future, so it is also worth reviewing current arrangements.
IMPORTANT: This newsletter deals with a number of topics which, it is hoped, will be of general interest to clients. However, in the space available it is impossible to mention all the points which may be relevant in individual cases, so please contact us for personal advice on your own affairs.