Tuesday 29 March 2011

Unfair on First Time Buyers

MORTGAGE experts have criticised as "unfair" the decision to abolish mortgage interest relief for first-time buyers.Those new home buyers will lose more than €30,000 if they do not purchase a property before June when mortgage interest relief is to be stopped. Currently mortgage interest relief is available to first-time buyers for up to seven years after they buy their property. The changes to the relief — also known as Tax Relief at Source (TRS) — are outlined in the Programme of Government. The new measures include an increase in TRS for people who bought properties between 2004 and 2008.

Monday 14 March 2011

REA national property auction.

REA intend on running National Property Auction at the end of May 2011. Further details to be released soon.