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Mortgage relief for non-first-time buyers to rise

Mortgage relief for non-first-time buyers to rise

This is a discussion on Mortgage relief for non-first-time buyers to rise within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; The rate of bmortgage/b interest relief for non-first-time buyers is to be reduced from 20 per cent to 15 per ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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10-14-2008, 05:08 PM

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Mortgage relief for non-first-time buyers to rise

The rate of bmortgage/b interest relief for non-first-time buyers is to be reduced from 20 per cent to 15 per cent next year, the Minister for Finance Brian Lenihan has announced.

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buyers, mortgage, nonfirsttime, relief, rise

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