Could someone tell me what implications there are on my Tax returns if I re-mortgage an already let property, in terms of deducting interest payments and releasing the capital?
I need the capital to fix long standing problems with the property, such a garden fence, kitchen units and bathroom suite and a front driveway that floods due to council raising the payment and forcing all the neighbours to put in driveways. All the work will come to about 10,000. Any advice will be greatly appreciated