| A mortgage on a let property usually attracts a higher rate of interest if you go that route.
The tax side can make yer eyes water as well.
A mate made £200,000 on a property on paper but just couldn't bring himself to sell it when he realised HMG were gonna trouser thick end of £80,000 of that £200,000
Plan B is now in operation needless to say.
It's not something to enter into lightly, your efforts might also bring IHT issues are well.
I'd deffo look carefully in to the tax side and how it may affect your particular circumstances.
Ray. |