Implications of raising funds against my home for BTL?

(2 Posts)
EachDay Wed 16-Oct-13 12:06:33

Our mortgage is almost paid off.

Obviously if we borrow against it to do a buy to let, then not making the repayments puts our home at risk rather than the investment property.I can live with that, the things we are looking at would only be the equivalent of having a relatively small mortgage.

What else is there to think about? Would it be possible to set the interest charges against tax for example?

jackstini Thu 17-Oct-13 19:51:01

Yes you can set the interest charges against your tax.
Are you happy with remortgaging enough for 20-25% deposit on your BTL? If so then fine, you are not overstretching smile

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