TRS on mortgages

S

Shaun Sheep

Registered User
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I have a quick question if anyone could help us we would really appreciate it as getting no where at the moment.

We had our TRS stopped this month, no letter nothing to tell us. We just noticed it from banking statements.

Our history:
2 single First time buyers bought house in December 03.
Sold up and bought a new home in 06.
Sold up and bought second hand home in 08. Married in 09.

Are we still entitled to TRS???

On revenue's website it says:

Switching lender or mortgage type to achieve a better interest rate does not equate to a new loan. However, moving home and taking out a new mortgage for this home with a new or existing lender is eligible for relief for 7 years from the date of first payment on the new home loan.
 
Hi

I believe you are entitled to the mortgage interest relief for 7 years.

Kind regards


dbran
 
I thought it was seven years for each new loan. OP, I think you should still be getting TRS, at final FTB rates for year seven and then at non-FTB rates thereafter.
 
You should contact the revenue comissioners, it is likely that they will stop it, as you bought your first pl;ace in 03. However they will re enable it for you for the length of time you are entitled to it..
Cheers P:)
 
OP, you had reminded me to reinstate my own TRS. What you need to have done is (i) cancel TRS on any of the old mortgages, (ii) apply for TRS on your existing loan (you can do it online [broken link removed]) and (iii) (this is the bit I had to do today) recommence TRS, which you can do online [broken link removed].

It sounds like you've done (i) and (ii) so I think all you have to do is the recommencement form in order to sort yourself out. They said to me to give them a shout by April if the refund hadn't been sorted out by then. They were v helpful indeed, although the wait to get through was quite long.
 
Thanks for all your help.


I contacted TRS 1890 463 626 and explained our relief had stopped in January. They said we would get it back in March as well as adding on the loss of trs for the both month of Jan/Feb within the March to December period.

Happy Days!
 
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