Government reluctant to reintroduce mortgage interest relief as rates soar

A number of ministers have cautioned against any move to reintroduce mortgage interest relief, indicating that it would be too expensive to implement. File Picture: Unsplash

Ministers are extremely reluctant to reintroduce mortgage interest relief, despite warnings that many homeowners can expect further pain in the months ahead.

A seventh consecutive hike in interest rates in less than a year has added pressure to struggling mortgage holders, with some now paying €420 more a month.