We have just moved into our house and have just received our schedule of repayments from the bank. The repayment amount has increased by €290 per month over the amount in the original offer letter. I know interest rates have gone up by .25% in the interim but this represents an increase of over 1.25% can this be correct?
Without knowing what a few more details - tracker, fixed or variable etc. naheem, its difficult to say. Have you contacted your lender directly? That would have been the first thing I would have done in the same situation.