‘A real benefit to young people’

ORLA RYNG is one of 125,000 first-time buyers who will benefit from the decision to double the level of mortgage interest tax relief.

Ms Ryng, who is 24 years old and a teacher in Cork, recently bought an apartment on the outskirts of the city and stands to gain up to €66 a month from Mr Cowen’s measures.

“I am thrilled about it, absolutely thrilled. This is a real benefit to young people who are out there working but having to face the cost of a mortgage.