J jun2004 Registered User Messages 11 7 Apr 2008 #1 Just about to apply for mortgage interest relief, are myself and my partner entitled to €333 p/m relief between us? Mortgage €320,000 Term 35 Years Interest Rate 5.4% We are first time buyers Don't have a clue about how to work this out with ceilings etc.......... Thanks.....
Just about to apply for mortgage interest relief, are myself and my partner entitled to €333 p/m relief between us? Mortgage €320,000 Term 35 Years Interest Rate 5.4% We are first time buyers Don't have a clue about how to work this out with ceilings etc.......... Thanks.....
L LDFerguson Registered User Messages 4,695 7 Apr 2008 #2 Probably less than €333 per month. Very rough calculations: €320,000 x 5.4% = €17,280 interest @ 20% = €288 per month. Timing and monthly repayments will affect this a bit.
Probably less than €333 per month. Very rough calculations: €320,000 x 5.4% = €17,280 interest @ 20% = €288 per month. Timing and monthly repayments will affect this a bit.