Change of interest rates

K

kobzia

New Member
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1
Hello,
Does anybody know why AIB applies increase in interest rates right away, but decrease a month later on tracker mortgages? Since interest started going up, higher rate was applied very next payment ( got a letter in Feb, paid more in March), but now, when going down, they take their time and process it 2 months later ( info in March but paid less in May)?

Thanks
 
What does your loan agreement say about how and when ECB rate changes are passed on to you via your tracker mortgage?
 
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