Granny in the Annex

Granny in the Annex

14:30 PM, 29th April 2014, About 11 years ago 11

Text Size

Dear Readers,

I am looking to convert my double detached garage into a annex for the purpose of renting for approx £600 PCM, the cost for conversion would be approx £20,000 which I am looking to pay for with savings.

I have a mortgage of approx £100,000 on the main residence. My question is would my best option be to rent the Annex under the rent a room scheme or would I be able to rent the annex & claim back any tax due against the interest which is paid on the mortgage for the main residence?

Thanks StephanieGranny annex


Share This Article


Comments

Renovate To let

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

6:55 AM, 2nd May 2014, About 11 years ago

Reply to the comment left by "MdeB " at "30/04/2014 - 19:31":

And full planning consent, separate utilities, possible parking space, somewhere for the bins. Basically a new dwelling.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More