I'd appreciate some advice please!
I've just sold my PPR and plan to soon buy another. I have large savings and profit from the sale. As it is I will probably need a mortgage of approx €300k for new PPR. I also have a rental property valued at approx €300k with a remaining mortgage of €60k.
If I remortgage the rental property (increase by €150k approx) can I use the new mortgage interest against my rental income tax?
If I remortgage will I be forced to take an investors interest rate on the new mortgage on the rental?
I've just sold my PPR and plan to soon buy another. I have large savings and profit from the sale. As it is I will probably need a mortgage of approx €300k for new PPR. I also have a rental property valued at approx €300k with a remaining mortgage of €60k.
If I remortgage the rental property (increase by €150k approx) can I use the new mortgage interest against my rental income tax?
If I remortgage will I be forced to take an investors interest rate on the new mortgage on the rental?