Mortgage interest relief deadline
Michelle Mulherin seeks a short extension to the 31 December deadline for first-time buyers to draw down loans and qualify for enhanced mortgage interest relief. The Tánaiste undertakes to refer her concern to the Minister for Finance.
My question relates to the forthcoming finance Bill. There is a deadline of 31 December next for first-time buyers to draw down their loan cheques to avail of enhanced mortgage interest relief and I seek a small extension of the deadline because of the number of first-time buyers who will be unable to draw their cheques down in time as a result of the holiday arrangements for banks. I understand that 400 such borrowers will be discommoded by one bank and will miss out on the opportunity to avail of the enhanced mortgage interest relief.