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  • Holiday Lets

    Buying through limited company

    I have managed to completely confuse myself now. I have just read an article that suggests that as long as the money released from remortgaging does not result in a mortgage that exceeds the original property value; which it doesn't in my case, then I can use the cash released however I like without penalty. But I am not sure that is correct.

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    I have found the answer to my own question. Seems that I can use the remortgaged amount up to the initial purchase value for whatever I want. If I remortgage beyond that it has to be used for the property letting business. Whether that includes holiday, commercial, company owned etc is still unclear, but thankfully not relevant in my case.

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