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EBMITIE
Guest
I have nearly bought an old property and need to stay in my existing house until it is ready to live in. I had to borrow to have enough funds to do work. The idea is I pay it all off when I sell current property. However, I now have 2 mortgages and claim tax relief on the smaller mortgage. Can I add the 2 together and then claim maximum relief or change the tax relief to the larger one and get the most benefit?
Hope I have explained my query.
ebmitie
Hope I have explained my query.
ebmitie