ECB interest rate increase might not affect some people?

Paulk

Registered User
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I realise that the above headline will appear to be absurd. However, since switching to a tracker mortgage a few months ago, my TRS has been slashed dramatically and is now down to just €70. Consequently, my mortgage expenses are pretty much the same as when I was on a fixed rate. When I was on a fixed rate, I benefitted from the full €188 TRS,

My mortgage is for €200,000. I figure that a .5% or 1% increase would not make a difference, as my TRS would be increased significantly.

Is anybody else in a similar position?
 
That's only for those still getting trs. If the ECB increase their rates I will be affected. On ECB + .75% at present.
 
I figure that a .5% or 1% increase would not make a difference, as my TRS would be increased significantly.

TRS is a maximum of 25% of the interest you pay so you'll take at least 75% of the pain of any interest rate hike
 
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