As was indicated earlier today, this relief is not set in stone and it is intended to keep it under review. The relief is very costly to the Exchequer. The abolition of the relief for all new mortgages or loans that are taken out after some date in the future cannot be ruled out. However, in that event those who are already claiming the relief at that time can be reassured that they will still qualify for tax relief for the duration of the seven year period relating to existing qualifying loans.

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