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Mortgages
Important - Changes to Tax Relief at Source (TRS) Scheme
In the recent budget statement, the Financial Minister confirmed changes to the Mortgage Interest Tax Relief at Source (TRS) scheme from 1 May 2009. Following this announcement, instructions have been received by the Society from the Revenue to remove entitlement to TRS from certain mortgage accounts.
All customers who have been affected by the removal of TRS will be contacted shortly by letter to inform them of their new revised monthly mortgage payments.
The Revenue carries out the assessment of individual TRS entitlements and has indicated to the Society that this needs to be ceased on a number of accounts at present. However, they are in the process of reassessing individual circumstances and, therefore, entitlements may possibly become reactivated in the future. Should you have any queries regarding your entitlement, please contact the Revenue directly on 1890 46 36 26.
We understand that this change, and the short notice provided to both lenders and our borrowers, could cause potential repayment difficulties. Please contact us if you have any concerns at all or if you envisage having any difficulty in maintaining the revised mortgage payment. You can contact us on 0818 222 336 and we will be happy to assist you.
WARNING YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT. THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
Intermediaries – to discuss an existing mortgage account please contact:
Mark Hyland
Operations Manager (Ireland)
Dublin Office
0818 222 337
mhyland@leedsbuildingsociety.co.uk
Leeds Building Society is a member of the UK Building Societies’ Association. The Society is a participant in the Financial Services Compensation Scheme established under the Financial Services & Markets Act 2000. Payments under this scheme are limited to a maximum of £50,000 of an investor’s total shares and/or deposits in a society. Most investors are covered, including individuals and small firms. Euro deposits are covered. Further details are available on request from the Society. Leeds Building Society only offer savings products in Ireland that can be operated by post. Leeds Building Society is authorised and regulated by the Financial Services Authority in the United Kingdom and our registration number is 164992.The Society is covered by the Financial Services Ombudsman. We may monitor and/or record your telephone conversations with the Society to ensure consistent service levels (including staff training). Other taxes or costs may exist that are not paid by Leeds Building Society. Head Office: Leeds Building Society, 105 Albion Street, Leeds, England LS1 5AS.
© 2009 Leeds Building Society
