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Certain lenders are now stepping into buy-to-let mortgages for properties earmarked for Airbnb-style short-term rentals.
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The new mortgage interest tax relief rules only apply to private landlords. For businesses letting out property, tax is paid only on the profits the business makes, and thus the mortgage value is deducted prior to the tax calculation.
Interest only keeps the monthly mortgage payments low, prevents the effect of compound interest, and still gives you the profit on the value of the house increasing at the end of the term.
This guide covers all you need to know about SPV mortgages
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This guide is for anyone who is considering buying a student Buy-to-Let but might be feeling apprehensive about investing during the current Covid climate.
With the added news that landlords must now give renters six months’ notice to repossess, we’ve created this short guide with the information you need to know.
Find out if you're eligible in a couple of clicks, with no hidden credit checks.