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Mortgage interest

Mortgage interest is the interest charged on a loan used to buy a house or a flat.

If you’re renting out a buy-to-let property and earning rental income, you can claim a portion of your mortgage interest as costs, and pay less tax. Starting on April 6 2020, you’ll be able only to claim a flat 20% tax credit instead.

You can use this rental income tax calculator if you want to get an estimate of how this impacts you.

More guides & useful information

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