Does the mortgage for my investment property have to be an 'investment loan' to claim interest?

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(Newbie)Newbie

10 May 2024

I have a mortgage on an apartment which is currently my primary residence.

I want to move out with my partner so we can blend our families, but the market has dipped and selling would be a significant loss so I am considering renting it out instead.

My question is, if I rent out my apartment and we move into a rental, do I have to change the mortgage to an investment loan to be able to claim interest paid from the time it becomes available to rent?

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