EBS svr increase - but payment decrease

I received my letter today from the EBS, as expected, telling me that from 1st August the standard variable rate was rising from 4.43% to 4.68%.

However, while the letter states the correct old and new interest rate the payment doesnt make sense. With the 'increase' my new repayment will be €160 less than before. I know it isn't a TRS issue, I have the mortgage too long. So, I guess they have just messed up?

Has anyone else on here got a letter like this? I saw one person on another forum has gotten an EBS letter with the same mistake.

I will ring them tomorrow and see what they say.
Obviously it is too good to be true.

Rang EBS and they confirmed the letter is a mistake.

My repayment will increase by the amount that I expected from 1st August.

That €160 extra in my pocket each month would've been lovely.

Got the same letter and recieved a revised one today in the post, gutted they are just screwing the people, you nearly get one every 3 months off them with an increase... tis a complete joke very tempted to just hand em back the keys and leave em sort it out and head to Oz ...