Below Cost Selling

Is it not the case that a bank selling/operating a tracker mortgage is operating at below cost, which is illegal in Ireland?

My guess is the new rate rise to mortgage holders will apply only to those with a variable rate. Thus the losses due to potentially illegal below cost selling on the tracker segment of business will be borne by yet again by my pay packet.

Maybe banks could introduce a maintainence charge or stop delivering service.

Firstly below cost selling is no longer illegal.

Secondly, I thought that it only ever applied to certain staple goods (bread, milk etc..) and never applied to services.

im in agreement with plant 43 that it only applied to staple goods and that even if trackers are loss making the bank and the customer have entered into a legally bindin agreement for better or worse and they cant withdraw them or add on maintenance fee's

the margin has always been the same it is only the fact that ecb is now so low so i wonder if they are even below cost products