Mortgage interest relief gone down?

Eppie

Registered User
Messages
9
Hi,

We just got a letter from EBS saying our mortgage interest relief has gone down slightly (by 3 euro). But, didn't mortgage interest relief go up in the last Budget? How did this happen then - is it something to do with having a fixed loan?
 
The chances are you're probably paying less interest this year than you were last year, so interest relief has gone down accordingly.
 
Post details of your mortgage - outstanding amount and term, and rate. Or just use Karl Jeacle's mortgage calculator to estimate the annual interest payable (using the Annual Summary button). There is a cap on the amount of interest that qualifies for relief. If you pay less than that then you get relief only on the amount actually paid.
 
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