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.