I’m a newly registered user, but have been lurking here for a long time now, and have learned so much, in particular about pensions and mortgages, so thanks for all that info.
My boyfriend and I have recently purchased a house and I am now wondering if someone can help with me with a very specific mortgage interest relief (TRS) question. I learned from searches here that it can take up to 7 weeks before the effects of TRS might be seen paid back into a bank account, however this morning there was a credit into my bank account for €299.89 which the bank tell me is TRS. Can someone tell me how this figure was arrived at, no amount of manipulation of the figures by me is coming anywhere near €299.89?
Here are some details:
Mortgage paid solely from one bank account with BOI
Mortgage is from ICS
Both boyfriend and I are FTBs are both jointly named on mortgage and have both returned TRS1 form.
First Mortgage payment paid October 18th, second one due November 18th
€299.89 credited to bank account November 2nd.
Thanks in advance
My boyfriend and I have recently purchased a house and I am now wondering if someone can help with me with a very specific mortgage interest relief (TRS) question. I learned from searches here that it can take up to 7 weeks before the effects of TRS might be seen paid back into a bank account, however this morning there was a credit into my bank account for €299.89 which the bank tell me is TRS. Can someone tell me how this figure was arrived at, no amount of manipulation of the figures by me is coming anywhere near €299.89?
Here are some details:
Mortgage paid solely from one bank account with BOI
Mortgage is from ICS
Both boyfriend and I are FTBs are both jointly named on mortgage and have both returned TRS1 form.
First Mortgage payment paid October 18th, second one due November 18th
€299.89 credited to bank account November 2nd.
Thanks in advance