From: Daytona 
Newsgroups: uk.finance uk.legal
Subject: Re: Rental income v mortgage interest question
Date: Sun, 27 Jul 2003 14:21:11 +0100

On Sat, 26 Jul 2003 21:20:01 +0200, "tim" <520061495900.removethis@t-online.de>
wrote:

>
>"Edward Lionheart"  wrote in message
>news:J0AUa.1$AA5.0@news-binary.blueyonder.co.uk...
>
>> Also, would it be good to take this opportunity to pay off my outstanding
>> debt to my father?
>
>In the rental scenario, this is the worst thing that you can do.

This is the only point I take issue with - paying tax on the saving is cheaper
than paying the mortgage interest. The only reason for maintaining high gearing
is if you've got an investment lined up that pays more than the interest.

Daytona