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Calculating mortgage interest relief

Peckham · 2013-04-24 18:10:19

If I took out a mortgage in 2006, what relief would I be entitled across the years of the mortgage? I can only find the current rates, rather than the rates that applied back then. Maybe they're one and the same (i.e. 25% for first two years, 22.5 for next three, and 20% for next two)? Also, if it was a joint purchase (two…

24-04-2013 06:10PM

#1

Peckham

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If I took out a mortgage in 2006, what relief would I be entitled across the years of the mortgage? I can only find the current rates, rather than the rates that applied back then. Maybe they're one and the same (i.e. 25% for first two years, 22.5 for next three, and 20% for next two)?

Also, if it was a joint purchase (two FTBs), would the relief be paid the same as for a married couple?

Finally, when it gives a limit of 20k, does this mean interest of 20k, or relief of 20k?

Thanks!

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