Increasing mortgage interest relief for those who bought their first home at the height of the property bubble “will help a significant cohort of people”.
This is the view of Fine Gael Galway West TD Brian Walsh, who has welcomed the decision by the Minister for Finance, Michael Noonan in Tuesday’s Budget.
“While this measure does not address mortgage related difficulties faced by all struggling homeowners, it is a step in the right direction,” he said.
Dep Walsh said the measure is of “huge importance to families” struggling to meet their mortgage repayments.
“Many people who bought their first home at the peak of the property bubble have either lost their jobs or have had their incomes severely reduced,” he said. “They are struggling to meet their monthly mortgage repayments and this initiative will give them a vital lifeline
