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!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago