Consumer Corner: What’s the story with the mortgage interest relief scheme?

The Government said it was introducing the measure to help people affected by interest rate hikes and they say that around 208,000 households can claim the money. 

Pic: iStock

One of the big money-saving measures announced in the most recent Budget was the mortgage interest relief initiative. 

Although it was announced last year, it was only in the last few weeks that people could actually apply for the relief and it could see homeowners getting up to €1,250 back in their pockets.