OK. So this isn’t a post about the local market but whether you are currently an investor or thinking about becoming one this stuff REALLY is important!
I’ve discussed this topic with a number of my landlords and to be honest it’s best to have it explained by and expert.
Stephen Faye is a property specialist and only deals with property investors so he is very well placed to offer this information with authority so I’ll hand over to him I think!
Check out the following two articles. Absolutely essential reading in my opinion.
1. Mortgage Interest Relief for Landlords – Part 1
The first explains how you can work out what your situation is and how your affected.
2. Mortgage Interest Relief for Landlords – Part 2
The second explains your options and how to mitigate your liability.