Tax Forum :: Free Tax Advice

I was a company director of a small family restaurant which was in my family for over 40 years until earlier this year when the landlord decided to sell the property. He offered us a good deal to purchase the property, so I, personally, decided to buy it by remortgaging my home for the deposit and getting a commercial mortgage for the outstanding balance.
The repayments include capital as well as interest and the rent does not cover both the residential and commercial, so every month I am having to pay an extra £150.

My question is, how can I put down the residential mortgage interest payments as well as the commercial mortgage interest payments, if possible?
And what am I looking at for tax for a rental income of £14k p.a where I am also full time employed on the higher tax rate?

My question is, are you now renting the property to a third party, having closed down the restaurant business?