Budget 2025: Mortgage holders to get €1,250 back if tax relief scheme is extended

Finance Minister Jack Chambers wishes to extend mortgage interest relief into 2025. Picture: iStock

Mortgage holders are in line for up to €1,250 back in their pockets, as Finance Minister Jack Chambers is due to bring forward proposals to extend interest relief for a further year in Budget 2025.

Fianna Fáil is pressing to continue the relief into next year, with the party aiming to assist families who have faced higher mortgage repayments due to the series of interest rate hikes in a short space of time.