Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Mortgage Interest Relief Question

  • 15-03-2012 8:35pm
    #1
    mel.b
    Registered Users, Registered Users 2 Posts: 3,130 ✭✭✭


    I'm a FTB and hoping to buy before the end of the year to take advantage of the increased mortgage interest relief. However I don't understand fully about when I'd have to buy to actually get the increased relief. When does it actually apply - do I have until the 31st Dec to buy/sign or do I actually need to have moved into a place by that date to be eligible (which means I don't have as long to save the deposit and find a place)?


Comments

  • #2
    killers1
    Registered Users, Registered Users 2 Posts: 1,443 ✭✭✭killers1


    mel.b wrote: »
    I'm a FTB and hoping to buy before the end of the year to take advantage of the increased mortgage interest relief. However I don't understand fully about when I'd have to buy to actually get the increased relief. When does it actually apply - do I have until the 31st Dec to buy/sign or do I actually need to have moved into a place by that date to be eligible (which means I don't have as long to save the deposit and find a place)?

    Your mortgage will need to have issued by the 31st December 2012 to be entitled to TRS. You become entitled to TRS once interest starts accruing on the mortgage. In reality with the cut off dates banks have for issuing cheques at christmas time and the fact that solicitors tend to be closed over the Christmas holidays you'll need to close the purchase this side of Christmas


Advertisement