Mortgage interest relief deadline
Michelle Mulherin asks for finance legislation to assist first-time buyers who missed enhanced mortgage interest relief because of bank delays. The Taoiseach says the Minister will consider the issue, including possible legal implications.
Is the Government, including the Minister for Finance, prepared to insert in the forthcoming finance Bill a provision that would accommodate first-time buyers who have been precluded from availing of enhanced mortgage interest relief, the deadline pertaining to which was 31 December last? The holiday arrangements of the banks basically precluded them from issuing loan cheques after mid-December, resulting in a two-week period, approximately, in which the first-time buyers were precluded from drawing down their loan checks in time to avail of the relief. I understand a significant number of people are affected. They should be accommodated because what has occurred has happened through no fault of their own.