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Mortgage Interest Relief!

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  • 13-01-2010 7:28pm
    #1
    Oliver1985
    Registered Users Posts: 1,304 ✭✭✭


    When my mortgage starts will it automatically have the tax releif or do I have to apply for it?


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    #2
    zAbbo
    Registered Users Posts: 11,987 ✭✭✭✭zAbbo


    It won't be automatically subtracted, so it's important to get it sorted asap.

    http://www.revenue.ie/en/tax/it/leaflets/tax-relief-source-mortgage-interest-relief.html
    http://www.citizensinformation.ie/categories/housing/owning-a-home/buying-a-home/mortgage_interest_relief


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    #3
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Oliver1985 wrote: »
    When my mortgage starts will it automatically have the tax releif or do I have to apply for it?

    Did you buy?


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    #4
    Oliver1985
    Registered Users Posts: 1,304 ✭✭✭Oliver1985


    Yeah deposit down going through the steps now!!


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    #5
    tenchi-fan
    Closed Accounts Posts: 3,339 ✭✭✭tenchi-fan


    Oliver1985 wrote: »
    When my mortgage starts will it automatically have the tax releif or do I have to apply for it?
    I applied online. Whoever thought revenue could be so efficient!


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    #6
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Oliver1985 wrote: »
    Yeah deposit down going through the steps now!!

    Where? and did you pay the "quoted" price?

    Not being funny but are you still employed? I seen something about FAS in a previous post....


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    #7
    Oliver1985
    Registered Users Posts: 1,304 ✭✭✭Oliver1985


    stepbar wrote: »
    Where? and did you pay the "quoted" price?

    2 bed ap Clare Village ! Asking 169k settled on 152k


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    #8
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Oliver1985 wrote: »
    2 bed ap Clare Village ! Asking 169k settled on 152k

    You did well to negotiate with that battle axe in Savills. Fat cow. Well done.

    You got a "fairly" ok deal there. Mind you I'm making a big assumption that you could rent a 2 bed up there for 1k a month?

    However I'd still be weary of a few things:
    A) the cost of the mgt fees (off the wall as far as I'm concerned)
    B) the developer is Albany Homes
    C) Another block or two still has to come on the market.
    D) Parking (Tesco own the car park out front)


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    #9
    Oliver1985
    Registered Users Posts: 1,304 ✭✭✭Oliver1985


    stepbar wrote: »
    You did well to negotiate with that battle axe in Savills. Fat cow. Well done.

    You got a fairly good deal there however I'd still be weary of a few things:
    A) the cost of the mgt fees (off the wall as far as I'm concerned)
    B) the developer is Albany Homes
    C) Another block or two still has to come on the market.

    Yeah One them has come to the market just before x-mas " Tulla House" they are lauching the second phase of it after christmas I think!! There was some really bad appartments left in the first phase!!


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