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TAX ANGLES OF BUY-TO-LET PROPERTIES
Buy-to-let mortgages have made becoming
a landlord easier, suggests tax expert
Mark Largan.
■ Mortgages are not worked out on a
borrower's income, but on the rental
income a property is likely to fetch;
■ With a buy-to-let mortgage, the
estimated rent needs to cover 125 of
the interest on the mortgage. The
extra income is a safeguard if there
is no tenant for a couple of months.
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