I currently bank with ACC and have a mortgage with them. I am currently in the process of claiming mortgage interest relief.
I recently spoke to the revenue and they told me that not all interest relief is refundable to your current account but that the bank may decide to put it off your house instead or lower your monthly payments.
Surely the mortgage holder should decide where the refund goes? Am I being rational??
So, I am wondering does anyone know how the ACC handle the above.
I recently spoke to the revenue and they told me that not all interest relief is refundable to your current account but that the bank may decide to put it off your house instead or lower your monthly payments.
Surely the mortgage holder should decide where the refund goes? Am I being rational??
So, I am wondering does anyone know how the ACC handle the above.