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  • Yeah, been trying to get my head round that. I'll still be in the basic income tax bracket, so this would mean I basically only pay tax on the income after monthly interest mortgage payments and agency fees right?

    @andyfallsoff & @aggi, of course, prices could fall as well as rise etc etc. I appreciate that, but this'll be for a year at most, e.g before brexit. I could potentially be in the arguably favourable position of not owning a home when Brexit happens, and wait to see what happens before buying again.

  • There are transitional arrangements in place for interest so you'll need to check how much you can deduct. I don't think it's all of it but not sure what the current rules are.

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