If you have (and you now have tenants) you should be aware that you're paying 4.75% interest on the loan, not the current 2010-11 HMRC interest rate of 4%. This is what JSP 752 states should be used; however it quotes the 2009-10 rate of 4.75%. I have queried this, and it would appear the decision is at the discretion of SP Pol. You can guarantee that were the rate to go up they wouldn't leave it at the previous years' rate...

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