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mortgage interest relief

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  • 10-03-2012 11:03pm
    #1
    huffles
    Registered Users Posts: 4 ✭


    Hi all.

    Looking for advice on mortgage interest relief. Neither I or my husband ever claimed mortgage interets relief. I Know, What were we thinking.

    My husband had a house back in 2001 to 2002 sold it. So first time buyer status gone.

    He built another didn't bother living there (lived at home) just rented it out.

    I bought a house in 2003 lived there until 2010. Husband moved in, in 2006 when we got married. Moved in 2010 to husbands house.

    We are building a new house moving in soon hopefully March. New house costing 250k @5.1% TSB

    Can anyone advice on what we should do. As far as I know you can claim only 7 years interest relief.


    Any advice would be appreciated.


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


    huffles wrote: »
    Hi all.

    Looking for advice on mortgage interest relief. Neither I or my husband ever claimed mortgage interets relief. I Know, What were we thinking.

    My husband had a house back in 2001 to 2002 sold it. So first time buyer status gone.

    He built another didn't bother living there (lived at home) just rented it out.

    I bought a house in 2003 lived there until 2010. Husband moved in, in 2006 when we got married. Moved in 2010 to husbands house.

    We are building a new house moving in soon hopefully March. New house costing 250k @5.1% TSB

    Can anyone advice on what we should do. As far as I know you can claim only 7 years interest relief.


    Any advice would be appreciated.

    Apply for your tax relief at source as a non-first time buyer online. Also I'd question why you took a mortgage from Ptsb at those rates, other lenders would have approved you for the amount you needed at a substantially cheaper rate.


  • Options
    #3
    ted1
    Registered Users Posts: 23,520 ✭✭✭✭ted1


    5.1 is crazy SUB are offering 3.25


  • Options
    #4
    ted1
    Registered Users Posts: 23,520 ✭✭✭✭ted1


    5.1 is crazy AIB are offering 3.25


  • Options
    #5
    boatbuilder
    Registered Users Posts: 624 ✭✭✭boatbuilder


    Yes, agreed, why would you take out a new mortgage with TSB as they have the highest rates in the market and they will probably be going up if and when the ECB increase rates.

    I thought it was only 4 years in arrears that you can claim for interest relief?


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