MIR refund for 2012

Hi there,

I bought a house in late 2012 and drew down in october, i will be entitled to MIR.

Will the amount I am due for 2012 be refunded into my current account by default?

Is the 2013 refund offset against the capital?

Give revenue a call to make sure you are setup for MIR. You will get anything back you are due from them.

When its setup this will automatically go into your mortgage account with the bank so you will be paying whatever your mortgage payment is minus the MIR each month and wont need to do anything else.