HomersCash
Registered User
- Messages
- 48
Hi all,
Please clarify.
I understand the rates for Mortgage Interest Relief is different for First Time Buyer than for 2nd etc.
[broken link removed]
However, a mortgage broker recently told me that your PPR - even if 2nd house - should still apply for the same relief as the first time buyer from 2007 on.
Is this wrong information?
i.e. I thought we would get 20% of our interest back as relief, but now understand the max we can is 1,200 per annum => 100 per month - no matter the amount of interest as this is our second mortgage (second PPR due to moving county)
Please clarify.
I understand the rates for Mortgage Interest Relief is different for First Time Buyer than for 2nd etc.
[broken link removed]
However, a mortgage broker recently told me that your PPR - even if 2nd house - should still apply for the same relief as the first time buyer from 2007 on.
Is this wrong information?
i.e. I thought we would get 20% of our interest back as relief, but now understand the max we can is 1,200 per annum => 100 per month - no matter the amount of interest as this is our second mortgage (second PPR due to moving county)