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Mortgage increase

  • 11-01-2019 10:12am
    #1
    canonball5
    Registered Users Posts: 445 ✭✭


    Mods apologies if this is in the wrong section.

    So got a letter in the door yesterday form PTSB that my mortgage is going up due to the change in tax relief.

    Did I miss something in the budget about this? Anyone got a similar letter?

    I'm gong to ring them this morning to see what this increase is.


Comments

  • #2
    lawred2
    Registered Users, Registered Users 2 Posts: 24,423 ✭✭✭✭lawred2


    canonball5 wrote: »
    Mods apologies if this is in the wrong section.

    So got a letter in the door yesterday form PTSB that my mortgage is going up due to the change in tax relief.

    Did I miss something in the budget about this? Anyone got a similar letter?

    I'm gong to ring them this morning to see what this increase is.

    you've probably been one of those lucky cohort still in receipt of mortgage interest relief..

    the FF wheeze that meant every taxpayer in Ireland was giving you and many others a dig out with your mortgage

    you can read this

    http://www.citizensinformation.ie/en/housing/owning_a_home/buying_a_home/mortgage_interest_relief.html

    it's being finally phased out thankfully - it'll be gone entirely by 2020


  • #3
    ForstalDave
    Registered Users, Registered Users 2 Posts: 612 ✭✭✭ForstalDave


    canonball5 wrote: »
    Mods apologies if this is in the wrong section.

    So got a letter in the door yesterday form PTSB that my mortgage is going up due to the change in tax relief.

    Did I miss something in the budget about this? Anyone got a similar letter?

    I'm gong to ring them this morning to see what this increase is.

    Most likly your first time mortgage intrest relief it is starting to reduce now,

    http://www.citizensinformation.ie/en/housing/owning_a_home/buying_a_home/mortgage_interest_relief.html


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