Mortgage interest relief question

[deem]

We have bought a new house, FTB and will be PPR, waiting on house to complete, we received loan offer from bank which we returned signed, the loan offer states what the repayments will be.

My question is, will the interest relief reduce this amount, or would the amount shown to us on the statement be the total already reduced for the interest relief.

Help

 

[Sarah W]

Your loan offer shows the gross (pre tax relief) payment. Depending on the amount of the mortgage your maximum tax relief will be €133.33 for a couple or €66.67 for a single applicant.

Sarah

www.rea.ie

 

[deem]

thanks sarah, thought that was the case but, was afraid to assume!