ChunkyLover
Registered User
- Messages
- 19
Hi experts,
I jus want to understand how this Mortgage Interest Relief works. I am not a first time buyer but the current home is my family home.
I currently pay €1690 as a Monthly payment on a 25 year loan at AIB. I was told that am eligible to claim Mortgage Interest Relief upto €16000.
The interest and capital breakdown on my current mortgage payment is €1227 Interest + €470 Capital
All I want to know how much relief will I get now per month. Am also considering to increase the mortgage period from 25 years to 32 years so that the monthly installment will fall just below €1500, will this move have any affect on the amount of Mortgage Interest Relief I claim?
Any help is greatly appreciated.
Regards..
Chunky
I jus want to understand how this Mortgage Interest Relief works. I am not a first time buyer but the current home is my family home.
I currently pay €1690 as a Monthly payment on a 25 year loan at AIB. I was told that am eligible to claim Mortgage Interest Relief upto €16000.
The interest and capital breakdown on my current mortgage payment is €1227 Interest + €470 Capital
All I want to know how much relief will I get now per month. Am also considering to increase the mortgage period from 25 years to 32 years so that the monthly installment will fall just below €1500, will this move have any affect on the amount of Mortgage Interest Relief I claim?
Any help is greatly appreciated.
Regards..
Chunky