Mortgage Tax Relief

[jun2004]

Just about to apply for mortgage interest relief, are myself and my partner entitled to €333 p/m relief between us?

Mortgage €320,000
Term 35 Years
Interest Rate 5.4%
We are first time buyers

Don't have a clue about how to work this out with ceilings etc..........

Thanks.....

 

[LDFerguson]

Probably less than €333 per month.

Very rough calculations: €320,000 x 5.4% = €17,280 interest @ 20% = €288 per month. Timing and monthly repayments will affect this a bit.