For all buyers out there:
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Mortgage Interest Relief will be discontinued for any mortgage over 7 years from 1 May.
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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.
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