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 .
Moving the little mouse and trying to click in between the 25 and the % sign is tough enough, but hitting backspace twice and then finding the 3 key followed by the 0 key sounds even more complex. Who knows, there’s probably a further fiendish step required to save and commit the change.
😉
First time buyer purchased house 2005. Qualify for 30% trs increase. With Ulster bank. Because of the delay, how will the tax increase be back dated to customers ?