# Keeping mortgage interest relief approved

- URL: https://talkfuse.com/story/keeping-mortgage-interest-relief-approved/
- Published: 2026-11-03T16:44:20+00:00
- Updated: 2026-11-03T23:04:23+00:00
- Original publisher: BBC Business (publisher lean: Centre)
- Original article: https://www.bbc.co.uk/news/articles/c6vgj0ljx01jo?at_medium=RSS&at_campaign=rss
- Topics: Business

## Key points

- Guernsey will retain mortgage interest tax relief.
- Homeowners can claim up to £3,500 a year.
- Debate focused on household costs and fairness to renters.

## Summary

Guernsey’s States has approved keeping tax relief on interest paid for mortgages on a homeowner’s main residence. The decision halts a phased withdrawal agreed in 2015, with supporters arguing that rising borrowing costs are squeezing households.

The relief lets homeowners claim up to £3,500 a year against mortgage interest. Deputy Aidan Matthews said it was the wrong time to phase it out, while Deputy Neil Inder warned that approving all proposed Budget amendments could add £20m to the budget. Deputies also raised concerns that the measure benefits homeowners while renters face high costs and struggle to save for a deposit.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.