In the 2012 Budget – back in December 2011 it was announced that mortgage interest relief would be increased to 30% for those who bought their homes between 2004 and 2008. It seem that Ulster Bank still haven’t implemented this change fully yet.
Ulster Bank say they are liaising closely with Revenue to implement these changes for our eligible mortgage customers by the end of 2012. “A rate of 25% has been applied to these accounts in the interim period. We will ensure that our customers’ Mortgage Interest Relief is brought fully up to date as the change is implemented.”
Revenue have advised that lenders have until the end of 2012 to pass on the savings
All the other lenders appear to have implemented the changes .