Mortgage interest tax relief for basic rate tax payer

I have recieved tax advice from a very big company. They advised against corporation (LTD) until rental profits exceed £50,000 so plan on making initial purchases through personal name/ bare trust. Was advised that I would receive 100% tax relief on mortgage interest Aslong as rental profits stay under £50,000 including mortgage interest, based on having no other personal income. Have since read a lot about section 24 and am now doubting the accuracy of this advice. Can you please confirm or deny the accuracy of this.

Hi,
 

Thank you for your query. 'HMRC does not provide tax-planning advice, and we can neither confirm nor deny the accuracy of the advice you have been given. Further information on this topic can be found at: https://www.gov.uk/guidance/changes-to-tax-relief-for-residential-landlords-how-its-worked-out-including-case-studies if you require further advice on this matter, please seek professional help through a financial advisor or accountant. Thank you.