the country is a wash in property, there is no active market and valuations are just guess work
Our main concern right now is the security of our savings, which is why we were wondering about putting it into the existing mortgage.
And you're suggesting that the OP sells his investment property in this climate when he doesn't need to?
I don't think that's a good idea.
I was scared at the number of developers willing to cut prices by 40% - 50% when they heard it would be a cash sale and the money would flow in quickly. That to me is not a market, it's a high risk crap game
It's a pity that the loan isn't on the investment property as the OP would then be able to claim a deduction for 75% of the mortgage interest (and as the OP currently has no scope to claim mortgage interest relief in relation to his residence).
Hi I have an apartment in Budapest would I be able to claim this if I sold it?
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