I recently received a payment of €11K from my mortgage provider under the redress scheme. I used it it pay off the last of a buy to let mortgage at 3.45% interest. My PPR mortgage is a tracker with €180K remaining over the next 23 years.
I now won't have any mortgage interest relief to write off on the property thats rented out.
Just wondering if it was perhaps unwise to have done this, and not just reduced the term on my main mortgage (which has just come out of negative equity after 12 years).
I really should have asked this question a month ago.
Thanks.
I now won't have any mortgage interest relief to write off on the property thats rented out.
Just wondering if it was perhaps unwise to have done this, and not just reduced the term on my main mortgage (which has just come out of negative equity after 12 years).
I really should have asked this question a month ago.
Thanks.