Hi,
I recently received a letter in teh post from First Active telling me due to changes in TRS, my mortgage was changing from X to Y.
The change is an increase of €200 or so (i.e. a TRS decrease of €200). What are the reasons this might happen?
A little background:
Mortgage taken out Oct 2007 fixed at 5.29% for 2 years. Came off this fixed onto a tracker (+1.15% I think) last November or so. Received a letter at the time telling me what new mortgage was with TRS etc.
New letter received last Friday telling me that my TRS was reducing €200.
One thought I had was that because I was paying less interest now I'm on a tracker, this has reduced my TRS. However, assuming ECB increase rates, does that mean my TRS will increase (depending whether it's still applicable at 22.5/20%)?
Or am I missing something totally obvious?
HAve tried ringing Revenue TRS line, but keep getting told that noone is available to take my call and disconnected!
I recently received a letter in teh post from First Active telling me due to changes in TRS, my mortgage was changing from X to Y.
The change is an increase of €200 or so (i.e. a TRS decrease of €200). What are the reasons this might happen?
A little background:
Mortgage taken out Oct 2007 fixed at 5.29% for 2 years. Came off this fixed onto a tracker (+1.15% I think) last November or so. Received a letter at the time telling me what new mortgage was with TRS etc.
New letter received last Friday telling me that my TRS was reducing €200.
One thought I had was that because I was paying less interest now I'm on a tracker, this has reduced my TRS. However, assuming ECB increase rates, does that mean my TRS will increase (depending whether it's still applicable at 22.5/20%)?
Or am I missing something totally obvious?
HAve tried ringing Revenue TRS line, but keep getting told that noone is available to take my call and disconnected!