Offsetting mortgage interest against rental income advice please

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    Offsetting mortgage interest against rental income advice please

    I have very little mortgage on my current home and wish to purchase a property to let out. I will get a mortgage for this BTL, but have been told that there are more gains from the offsetting mortgage interest against rental income, if I pay off my current mortgage first.
    Does anyone know anything about this please?
    Also are there more benefits if my mortgage on my BTL is interest only?
    I have no clue. Thank you!!

    #2
    Do you mean pay off your home mortgage with cash and take out a larger BTL mortgage?

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      #3
      OP has no clue and you have to guess what is OP's question.

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