Property taxation in UK

J

Jason C

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Hi

I am looking at investing in a UK property and planning to finance this purchase through a mortgage with my current lender in Ireland. My lender (ICS) says they will provide me with home loan rates and gaurantee the mortgage against my home residance in Ireland.
I have a few questions on this of which I am unsure of:

1. Does anybody see any potential pitfalls with this or have experience of buying abroad using an Irish mortgage lender

2. What are the implications for tax on rental income. Will it still be possible to offset the rental income against mortgagae interest and associated costs with letting the property?
 
Presumably it's a Sterling loan and you'll have a currency risk?

The rules in relation to expense / interest are similiar to here. If you are a small investor you'll probably find that the personal allowances in the UK mean you won't pay tax there. Any profit will still be taxed in Ireland as Case III.
 
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