Rental Income - Mortgage interest deductability?

I rent out my property. It was my residential property, however, it is let out whilst I am travelling (received "consent to let" from my mortgage provider). Is the interest element of my mortgage payments deductible for tax purposes? If so, what section of the self assessment do I disclose this information? I believe I am entitled to a 20% tax credit. Second question - the bank charge me extra 0.5% of interest whilst the property is let out. Do I have to distinguish that from the total mortgage interest?

Hi ,
 

Thank you for your question. Whilst renting out your property, you may claim the mortgage interest payments as an allowable expense. Within the SA105 UK Property supplementary page, you would disclose your mortgage interest payments within Box 44 “Residential property finance costs”. I would also advise that although there is an additional 0.5% interest attached to add up the total interest amount and place it cumulatively within the relevant box. The Property notes can be found here: UK property notes. Thanks