April Budget – What has changed for Buyers?

• Mortgage Interest Relief will be discontinued for any mortgage over 7 years from 1 May.

• A new stamp Duty "Trade-in" scheme will be introduced. This is quite helpful as it means that NO, zilch, nada, stamp duty is payable by 'a person who accepts a traded-in property in ... exchange or part exchange for a new house / apartment'. Only catch - Stamp Duty will apply when the person sells the 'swapped' / traded-in house later on.

For more information on the Budget check out the Budget Section of the Dept of Finance Website.