Mortgage Interest Tax Relief

[kopkidda]

Anyone think that this will be reduced in the mini budget tomorrow?I fear the worst!

 

[Senna]

I would doubt there will be any changes, too many people who bought property over the last 5 years are streching to pay the mortgage. (with rates at historical lows) FF knows its reponsible for a lot of the property bubble and any changes would likely bring thousands on to the streets in protest.

They also know that it will be impossible to kick start the property market so i doubt any increases or other messures either.

But who knows

 

[rameire]

i would say no, as the burden the trs has on the exchequer has decreased inline with the rates coming down,

alot of people have seen their monthly repayments go down and the trs has followed suit.