Hello,
If you borrow for a PPOR leveraged at 95% then at a later date move out and tenant the property, what are your obligations as far as the lender is concerned? Is it necessary to then take out mortgage insurance?
Also, once you have moved out and the house is tenanted, am I correct to assume the interest on the borrowed money is then tax deductible?
thanks
If you borrow for a PPOR leveraged at 95% then at a later date move out and tenant the property, what are your obligations as far as the lender is concerned? Is it necessary to then take out mortgage insurance?
Also, once you have moved out and the house is tenanted, am I correct to assume the interest on the borrowed money is then tax deductible?
thanks