5 Things to Consider when Paying Down Your (Buy to Let) Mortgage

1. It is confusing

HMRC seems to have lots of issues with it when calculating interest relief. It creates headaches if they investigate you.

2. It could be better invested

Based on our calculations someone who is 35 would be 3x better off by 65 if they used a LISA and Pension.

3. It locks the money away

The only way to get the money back is to release equity from your property which is often difficult.

4. Make the calculation

We have a handy spreadsheet to help you work out what is better or one of our guardians can help you.

5. Increased Inheritance Tax

In a pension the money would have 0% IHT in most cases. However, equity in a property will be taxed at 40% above £325k.

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Please contact us on hello@legacyguardians.co or any of the details below to find out more about how we can help you to get that all-important financial peace of mind.

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