H
HousePoor
Guest
OK, according to the Finance Act 2012 mortgages taken out by first-time buyers between 1 January 2004 and 31 December 2008, they promised a special rate of mortgage interest relief of 30% for the tax years 2012 to 2017. But the liars behind our government only kept that 6 year promise for 1 year and in the last budget they changed it so that mortgages over 7 years old would have a significantly lower upper limit.
I took out my Mortgage in December 2006 (at the peak), but I should still have almost a year left on the higher band rate of MIR for under 7 years with a cap of €6K for married First Time Buyers, but despite that my MIR has already been reduced to the lower cap of €1.8k. Am I missing something, other than Enda's a liar?
I took out my Mortgage in December 2006 (at the peak), but I should still have almost a year left on the higher band rate of MIR for under 7 years with a cap of €6K for married First Time Buyers, but despite that my MIR has already been reduced to the lower cap of €1.8k. Am I missing something, other than Enda's a liar?