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

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…

Options

24-04-2013 7:10pm

#1

Peckham

Registered Users Posts: 3,523 ✭✭✭

Join Date: January 2007

Posts: 3375

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!

0