Jimmy Bond
Registered User
- Messages
- 31
From my savings of €150K I started to build a house 18 months ago. I avoided changing my car as I deemed it to be an unnecessary expenditure and I was unsure of the total cost of the build. I recently got a mortgage of €70K with the expectation of completing the house (€50K) and changing the old car (€20K). Can I apply for TR on the full €70K mortgage as I will not be using the full amount for the completion of the house? In other words, is the timing of the cash spend important as I will have spent €200K on the house in total over the last 18 months?