TRS runs out in Dec 2017

Paul Reilly

Registered User
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Does this mean that from 1st Jan 2018 that my mortgage will increase by 150 quid a month as per 1800/12 = 150.

I emailed Fine Gael this just to see ...

Hi Tony,

Im wondering what fine gaels stance is for first time buyers whos TRS runs out at the end of 2017. Surprisingly this wasnt extended in the last budget. However if its not extended all the variable rate holders in Sligo in negative equity will be paying 150 euro (1800/12) more a month for their mortgages in 2018. For a town with crippling job losses in the past month this will be a most important election issues to a lot of people in Sligo.

Regards

....
 
that's right, mine reduced by €350pm last January which was extremely painful and i'll lose the final €150 in 2018.

the scheme was previously extended though and the chances of it being extended again are likely zero - govt would be much better to tackle high SVRs across the board than extend a tax relief scheme (mush as i'd personally like it)
 
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