I realise that the above headline will appear to be absurd. However, since switching to a tracker mortgage a few months ago, my TRS has been slashed dramatically and is now down to just €70. Consequently, my mortgage expenses are pretty much the same as when I was on a fixed rate. When I was on a fixed rate, I benefitted from the full €188 TRS,
My mortgage is for €200,000. I figure that a .5% or 1% increase would not make a difference, as my TRS would be increased significantly.
Is anybody else in a similar position?