This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.


A bit of data which remembers the affiliate who forwarded a user to our site and recognises orders from those who become customers through that affiliate.


Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Enrol now on the free landlord tax strategies course

To enrol in the 7 tax saving strategies email course complete the form below. The first module will be emailed to you immediately.

Enrol now on the free landlord tax strategies course

Thank You!

Free Tax Saving Strategies Course
The seven FREE property tax busting strategies course reveals the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

Can I claim my costs for re-mortgaging?

Question In last months Q&A session you mentioned that mortgage broker and mortgage lender fees are of a revenue nature and valuation costs are of a capital nature. Is this also true if an investment property is re-mortgaged? I am about to re-mortgage an investment property with a different lender and will incur these costs again but am unsure if I can claim relief against them.

Arthur Says

The answer is that it depends on the status of the interest of the loan. If the interest on the loan is an allowable expense, then the cost of obtaining the loan is also an allowable expense. So in this particular instance, because the loan that is being re-mortgaged is for the purpose of the property then once again the costs can be offset.

Again, the mortgage broker and mortgage lender fees will be claimed against your rental income and the valuation costs will be claimed once you decide to sell the property.

Case Study
John has a buy-to-let mortgage with an outstanding amount of £50,000. He is currently repaying £450 per calendar month back to the bank. However he realises that another lender has a special reduced interest rate, so if he re-mortgagees with them his monthly rate will be reduced to £400.
He remortgages the property and incurs costs as follows:

- Mortgage broker fees £250
- Mortgage lender fees £200
- Survey costs £200

This means he can offset £450 against his annual rental income and can claim the survey costs when he decides to sell the property.

Landlord Tax Secrets Get our SEVEN FREE Landlord Tax Saving Strategies - Guaranteed To Slash Your Property Tax Bills!
Click here for more.

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question