I am informed by the Revenue Commissioners that approximately 322,000 of the 564,000 mortgage accounts that were in receipt of mortgage interest relief up until the seven-year rule change introduced from 1 May 2009 have continued to receive mortgage interest relief. In the case of accounts where the payment of relief was terminated and subsequently reinstated after receipt of the necessary information by the Revenue Commissioners, either from the lender or direct from the mortgage account holder, any arrears of relief were or are being automatically credited to such accounts by the lender, without the need for any further action by the account holder. I understand that 242,000 accounts are no longer in receipt of mortgage interest relief as a result of the Supplementary Budget measures.
The Revenue Commissioners are finalising the processing of some 2,000 of the more complicated cases involving mortgage accounts with consolidated or top up loans as a key feature of the mortgage account. I am further advised by the Revenue Commissioners that the processing of these cases, following the provision of detailed information from the account holders, will be completed as soon as possible and payment of relief will, in appropriate cases, be reactivated and any arrears of relief credited to the accounts.