Thanks for the tip. I see their minimum loan size is 40K, which is a bit restrictive, but definitely worth considering.I agree with the above, but if cashflow’s your issue, try Dilosk. Interest only for 15 years; rate circa 5%. They do equity release on BTLs.
How do you make out he'll have enough from the rental income. He's getting 9K. Let's say costs of 1K. Tax of 4.5K. Leaving him with 3.5. Annually to pay for one child in college never mind 4?And on top of that the rental income alone is nearly enough to finance the education, tax aside.
I don't think you can claim mortgage interest relief on a re-mortgage of a BTL. I didn't pay off my BTL mortgage early, it went full term.Manuel first off you should not have paid off the buy to let unless you were paying over 7.2% per year bad advice taxman was paying half of your interest on your buy to let,
Just putting this fact out there in case other people are following this advice,
I don't think you can claim mortgage interest relief on a re-mortgage of a BTL
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