Thank you, ***** ***** news and if needed there is a trail to show the split mortgage leads back to the original single mortgage to buy the btl property. May I ask an additional question - the btl property is about to be re-let to a couple but they are asking for it to be let to them in their company name, but with them as the permitted occupiers. Does it matter as far as we are concerned if we let it to a 'company' or does it have to be named individuals?
It doesn't make any difference as far as your tax position is concerned but you need to be sure that the company is bona fide. Your lender may need to know.