We have purchased a second property which is currently being refurbished for us to move into next year - until this is ready, we have two mortgages running.

Does anybody know that tax implications of a second mortgage for a property which is not a main residence, but at the same time, isn't being used for commercial gain ie rent etc?

Thanks

My understanding is you can deduct the interest from as many mortgages as you want! I claimed the interest on a bridging loan a few years ago while moving without problem...