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I have to say that I am very confused by this whole thing.

I remortgaged my house and bought a small mixed use property for cash which is why my mortgage is so high, part of the income from the two apartments will supplement my pay

Why would you have chosen to remortgage your primary residence to purchase investment property, especially as the high mortgage payments are making you so nervous? Why didn't you borrow against the investment property so that you kept the asset and liability together, particularly as all the expenses against the investment property are deductible?

And why do you view the income from the apartments as supplementing your pay, while you are worrying about the size of the new mortgage? The income from the apartments should be paying for all of that property's expenses, including the additional amount on your own mortgage plus the property's insurance, maintenance expenses, etc. and some profit. Otherwise, the property is not a good investment and probably should be sold.

It seems to like you have really mixed your business expenses with your personal expenses, and the risk level has you worried. I think you really need to untangle the finances, get the expenses segregated, and move on from there.

I don't think you should be trying to come up with some sort of complicated scheme to pay down your mortgage instead of addressing the root cause of your worry, which is that you used your personal residence to finance your business instead of keeping those separate.

So how are you doing all the bookkeeping on that property? Are you even able to deduct the additional mortgage interest on your personal residence since it is not acquisition debt?
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