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Buy to Let mortgage - tax status

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Finwoodhill | 23:16 Sat 16th Aug 2008 | Property
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Does anyone know if Buy To Let Mortgage payments are still tax deductable if you switch them from interest only to repayment? I have a flat which I rent out which I've got on a 5 year fixed rate Buy to Let mortgage but I am considering switching it to repayment as I want to be paying it off (it is a long term investment for my child so it's not as if I'll be selling it off within the next 20 years)
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If your primary motive is to see your capital grow, and you aren't in any hurry to see the mortgage fully paid off, then a repayment option is worth considering.

As interest paid can be offset against tax (mortgage reapyments cannot be) an interest only mortgage can make better financial sense.
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Thanks - sounds like interest only is my best bet for the time being then

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