mortgage relief

[Bo80]

Hi,

Sorry if this has been posted before.

Can you apply for Mortgage relief on a second Mortgage on a different property??

Thanks

 

[ClubMan]

You can claim owner occupier mortgage interest relief on any loans that are used to purchase your PPR (Principal Private Residence). If the different property is a new PPR then you can. Otherwise no. If you are on your second or subsequent mortgage and/or PPR then you are still entitled to whatever remains of your original 7 years "first time buyer" preferential relief period.

 

[Bo80]

Thanks Club man. That answers that.