mortgage interest relief from budget 2012

rameire

Play Bunny wrote: »

Got notification this morn finally ....dated 12th dec says we have 14 days to return a form saying whether we want it paid into a seperate a.c , with xmas post etc talk about cutting it fine...

you should check that letter again.
you are correct in saying it was dated Dec 12.
but it says return the completed slip by January 31st.
And the refund will take a minimum of 14 days to be processed.

CastorTroy

Got mine today. Nice chunk. Now to decide whether I want it in my pocket or the mortgage

transam

im with ptsb ,got the 30% months ago but still no back pay to january

rameire

transam wrote: »

im with ptsb ,got the 30% months ago but still no back pay to january

i would have thought that the trs payments made to you would have included the backpay of trs

transam

rameire wrote: »

i would have thought that the trs payments made to you would have included the backpay of trs

thats what i have been told too but since i got it in july the payments where the same since then , i mean that i got a letter saying that trs is at 30% and new repayment , thats the same as today ,

rameire

ring the bank
ask for the interest amount for the year
also ask for the total trs applied to the mortgage

then interest * 30% = correct trs
compare correct trs to actual trs

if incorrect,
maybe ring revenue with your pps number, 1890 46 36 26.

rameire

Dont forget due to the trs being correct from april.
This means lower repayments.
So the correct 30% is being implemented from 1st april.
Any shortfall from jan feb and mar will be spread over the remainder of the year.
This is for Ulster Bank mortgage holders

peteb2

Hmm. Wasn't corrected for my 1st April payment that went out today. When you say April payment is that the one that will come out in May?

rameire

Any payment that comes out after the 1st of april. As trs wont be on our accounts till 1st of april

CastorTroy

Checked my mortgage payment which came out today and it looks like the new TRS has been applied at last for UB

mactheknife19

Took out a mortgage in Dec (I'm not a FTB). Got a estimated interest number from the bank of approx 16,500 for 2013. Am I right in thinking that not all of this gets the 15% MIR. Is there a ceiling amount.

rameire

Ceiling is 3000 per person for you then.

Play Bunny

Got my letter this morn correct 30% will b applied, and we will get the owing 5% over the next 9mths, still double Dutch they will send another letter with our new monthly repayment in the next couple of weeks .