Consumers benefit from lower mortgage payments

If you are due to make your January mortgage payment this week, chances are it will be significantly lower than a few months ago due to falling interest rates and changes introduced to the mortgage interest relief system in October’s budget.

24th January, 2009

If you are due to make your January mortgage payment this week, chances are it will be significantly lower than a few months ago due to falling interest rates and changes introduced to the mortgage interest relief system in October’s budget.

Since January 1, the rate of mortgage interest relief for first-time buyers has risen from 20 per cent to 25 per cent for the first two years. For years three, four and...

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