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Re: ftb- Joint mortgage or not?

  •  Wed, Nov 18 2009, 2:55 PM

    Re: ftb- Joint mortgage or not?

    It shouldn't make any difference whether you've got a residential mortgage or not - the BTL is a commercial proposition so should be able to cover its own costs and make enough of a profit to allow for voids and other unexpected costs.

    If you are both higher rate taxpayers then it would probably be a good idea to put the BTL in joint names as you would then get two CGT allowances when you come to sell it which will save you some tax.

    • Post Points: 44
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