UK property- Taxation advice

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?

There are some downsides.
If you decide to move house you may be rstricted by the higher mortgage on your home. Your asset in the UK will be a sterling asset but your loan (I'm assuming) will be in euro which leaves you open to some currency risk. If sterling weakens against euro your asset drops in value as against your loan. (The oposite also applies also - but the point is the risk.)
The upside is the rate of interest you'll get compared to a UK mortgage and the ease of obtaining the loan.
On your second point you will still be able to claim interest as a deduction.

Thanks for the advice Pegasus

I presume that the tax return would need to be performed in the UK as opposed to Ireland or are there any requirements from revenue here?

Thanks
Jason C