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Where Taxpayers and Advisers Meet

Offset mortgage set up fees

kramgoon
Posts:2
Joined:Wed Oct 03, 2018 10:16 pm
Offset mortgage set up fees

Postby kramgoon » Wed Oct 03, 2018 10:25 pm

Hi,

I have a few BtL properties each with a BtL mortgage.

If I apply for further borrowing on one of these properties (ie/ increase the loan amount) can I offset any fee associated with that application for further borrowing.
I may choose to simply add the fee amount to the debt so I am not actually laying out this money but it is still classed as a fee.

To reiterate this would be further borrowing after I already own the property and not the initial mortgage to purchase the property in the first place.

Regards,
Mark

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