Hi
I recently moved to a tracker rate and have been told that my mortgage intrest relief is cut by approx 60%... I'm hardly saving anything by moving to a tracker rate... can this be correct ?
Hi
I recently moved to a tracker rate and have been told that my mortgage intrest relief is cut by approx 60%... I'm hardly saving anything by moving to a tracker rate... can this be correct ?
Surely it is better to be getting less TRS as that means you are paying less interest. If ECB goes up you will pay more interest, yes you might get more TRS but for every euro of interest you will pay you will get back 20c. If you want to give me euros I will give you 20c for each one