TSB tracker increase ?

F

fredg

Registered User
Messages
177
Hi all
I didn't expect a letter from TSB today
Regarding an increase in my mortgage due to
Recent interest rate change? I didn't think
There was an increase?i only had a letter
Two months ago saying it was coming down?
I have a tracker.
Thanks


F
 
Can you be a bit clearer.

Did you get a letter today?

Who was it from? Ptsb or TSB in the UK?

What is the exact wording? Did it tell you that the interest rate would be increased and if so by how much?
 
brendan,
letter is from permanent tsb dated 4 june
stating due to recent interest rate change the
monthly repayment on you loan has changed?

mortgage has been upped by €50 pm.

f
 
Does it say what the old rate was and what the new rate is? Sounds a bit strange...
 
Thats just a standard letter advising the new payment flowing the change in interest rates. I always keep these and compare new one to previous one. It should be a lower amount. Other wise check statements for DD amount deducted prior to receipt of letter.
 
Very strange indeed. Let us know the old and the new rate; the amount outstanding; and the old and new payments.

Could it have coincided with the expiry of Tax Relief at Source on the mortgage interest?

Are you in arrears by any chance? While this should not matter, Irish Nationwide made a systematic error on their calculations which resulted in exactly what you are describing. "Dear John , we have reduced your interest rate by 0.5% . Your new repayment will be €x ." which was higher than the old payment.
 
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