Written answers

Tuesday, 10 May 2011

9:00 pm

Photo of Brendan  RyanBrendan Ryan (Dublin North, Labour)
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Question 102: To ask the Minister for Finance the timeline for introducing the increase in mortgage relief to 30% for first time buyers who purchased their homes from 2004 to 2008 as set out in the programme for Government; and if he will make a statement on the matter. [10575/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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There is a commitment in the Programme for Government to help homeowners in distress to weather the recession. One of these proposals relates to increasing mortgage interest relief to 30% for First Time Buyers who bought between 2004 and 2008 and to finance this in part by abolishing mortgage interest relief for new buyers from June 2011. When this proposal has been thoroughly examined and analysed and the findings and recommendations are presented to me, I will decide on the appropriate action to be taken. However, it is unlikely that any measures will be introduced before Budget 2012.

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