Owning your own home

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How much mortgage on the property as you could convert the mortgage to BTL and interest only (interest can be deducted from tax bill) as long as the calculations are right I think the rent need to be 125% of the monthly mortgage repayment.

This then means you can get another mortgage based on your earnings and savings.

We had to make ours 110% and have certain percentage of equity in the flat to change to buy to let.

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