Wednesday August 12, 2020

Your Money: The clock is ticking on tax relief

Home loans taken out after next January 1 will not qualify for tax relief, but is this spurring people on to buy their first home, asks Emma Kennedy.

8th September, 2012
Buyers should put in their mortgage applications as soon as possible if they want to buy this year.

With property prices having dropped by up to 60 per cent since the peak, and mortgage interest relief extended until the end of the year, many first-time buyers appear to have decided that 2012 is the year to take the plunge. However, for many more, the ongoing economic uncertainty means that committing to a big debt remains an unappealing choice.

The latest figures from the Irish Banking Federation indicate that first-time buyers and those trading up still...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 7 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago