My wife and I took out a fixed balance mpp for 250,000 in 2006 for the life of the mortgage. We were in our late 40s at the time. We have been paying €97 per month since then. At the time we felt it was steep but as we had a few minor health issues we did not quibble. There is about €100K left on the mortgage now. About a year ago a bank rep contacted us and did a financial audit. The main conclusion was that we would be wise to convert to a reducing balance policy. As I was sceptical of any offer from any bank since the crash and tracker fiasco I did not convert even though I could do with any saving that would come from any conversion. Was I wise to think there might be a hidden agenda?