Mortgage interest relief will be phased out over next three years
Budget move to close scheme will increase cost of 300,000 loans
People who bought between January 1st 2004 and the end of 2012 will get at least some relief on their mortgage payments until 2020. File photograph: Rui Vieira/PA Wire
The decision to abolish mortgage interest relief will lead to almost 300,000 mortgage holders paying more for their home loans.