TRS question, how long does it last?

raglan

Registered User
Messages
88
Hi,

Took out mortgage in 2005, I understood then that TRS lasted 7 years from year mortgage was took out.

But did this change in the last year? I've read that mortgages took out between 2004-2008 can get TRS until 2017.

Which one is true??
 
TRS at the first time buyer's rate lasted 7 years - but you go onto a lower rate after 7 years.

There's a good summary of TRS here
http://www.*****************.com/trs-changes-and-reductions.html
 
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