Hi Guys - a quick query.
I have 3 properties. All of them are investment properties - none are residential (long story).
For one of them they gave me the home owner rate as I said initially i was buying as a home - but I then rented it out (I paid the appropriate investor rate of stamp duty and all that though)
I am now trying to extend the interest only period on thsi property.
To do this I must submit all my accounts. I now live in the Uk - so I am assuming they will realise straightway that it is in fact buy-to-let given that all my personal financial details relate to the uk.
SO - how likely is it do you think that they would look for monies from the past given that i was paying the homeowenr interest rate (about €1200 a months) as opposed to the investor rate (c. €1700 a month).
If this is very likely then I think I might be better just paying the capital now on the homeowner rate and keep myself under the radar. But that would make things very very tight for me.
Does anyone have any idea / experience in a similar situation?
I have 3 properties. All of them are investment properties - none are residential (long story).
For one of them they gave me the home owner rate as I said initially i was buying as a home - but I then rented it out (I paid the appropriate investor rate of stamp duty and all that though)
I am now trying to extend the interest only period on thsi property.
To do this I must submit all my accounts. I now live in the Uk - so I am assuming they will realise straightway that it is in fact buy-to-let given that all my personal financial details relate to the uk.
SO - how likely is it do you think that they would look for monies from the past given that i was paying the homeowenr interest rate (about €1200 a months) as opposed to the investor rate (c. €1700 a month).
If this is very likely then I think I might be better just paying the capital now on the homeowner rate and keep myself under the radar. But that would make things very very tight for me.
Does anyone have any idea / experience in a similar situation?