Evening and apologies if incorrect forum.
With falling bank/post office interest rates and increasing tax on savings my 7 year plan is to buy a house as an investment for rental income and (hopefully) appreciation gain. I can cover the purchase price with savings. However, does it make more financial sense to take out an interest-only mortgage for rental income tax-saving purposes?
I am aware that fee-paying independent financial will be required to make a final decision.
Thanks in advance.
With falling bank/post office interest rates and increasing tax on savings my 7 year plan is to buy a house as an investment for rental income and (hopefully) appreciation gain. I can cover the purchase price with savings. However, does it make more financial sense to take out an interest-only mortgage for rental income tax-saving purposes?
I am aware that fee-paying independent financial will be required to make a final decision.
Thanks in advance.