Terence Flanagan (Dublin North East, Fine Gael)
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Question 56: To ask the Minister for Finance the position regarding mortgage interest relief in respect of a person (details supplied). [22880/11]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy is aware, there is a commitment in the Programme for Government to help homeowners in distress. The Government is examining a number of proposals in relation to this commitment. 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.

When these proposals have been examined and the findings presented to me, I will make any necessary decisions in the context of Budget 2012.