Hi Guys

thanks for your input

Fred, your method is not available to me I'm afraid but good luck with yours!

I hope to be able to pay off the mortgage after 2 years, I have my own house up for sale at the moment and I have the money to do the modernisation work on the BTL property so I don't have to borrow money to do that.

My plan is that to carry out the repairs and modernisation on the BTL whilst my own house is up for sale (can't see this moving any time quickly as properties over £250k are moving slowly in our area) rent out the BTL until we sell ours then once ours is sold, move into the BTL and pay off what is owed from the sale of our existing house.

During the course of the initial 2 year BTL mortgage period, I think I am allowed to pay of 10% per annum

Cheers - Col