Are there any service providers that will check my Tracker repayments?

I have a tracker mortgage (commenced in 2006) - originally UB now moved to AIB.

I have a long held suspicion that the repayments were incorrectly calculated.

I have meticulously retained all correspondence and any other info relating to the mortgage.

Does any one know of any service providers that will go through these records and (accurately!) calculate if they were done correctly?

Note: While I am not intimidated by mathematics I want a third party to do it - I don't want to use a "self-service calculator"

Nrocon said:

I don't want to use a "self-service calculator"

Click to expand...

Have you used online mortgage calculators to see if they are close to what you are actually been charged?

Tell us your:

Date of original loan
Term
Tracker margin
Dates amounts of early repayments (if any)

Someone will work it out for you here.

(If you had arrears, term extension, etc, it may not be so easy.

You should not waste the money unless you have something more than a suspicion.

1) The most likely source of error is the application of the wrong rate.
You know the margin.
The ECB rate history is here

So check to see have they charged you the right rate.

2) The next thing to check is what interest they charged you.
That is very easy. The balance @ rate /12 will be close enough.

3) Don't worry about the repayment calculations.
If they charged you the right rate and caculated the interest correctly, then you have not been overcharged.

In the very unlikely event that they have miscalculated the repayments, you will simply be paying off your mortgage a bit quicker or a bit slower.

More info here: