To give real-life examples, a single borrower taking out a mortgage of €254,000 in 2009 at an interest rate of 5% over 30 years will receive €2,500 mortgage interest relief in each of years one and two and €2,250 in years three, four and five. This measure will have provided them with an extra €1,750 in mortgage interest relief for the first five years of their mortgage.

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