Haven Fixed rate monthly mortgage repayment keeps on increasing???

I have a Haven fixed rate mortgage and in January of 2009 the monthly repayment went up by ~ €200 euro, I contacted the bank and they said this was because of re-calculating the TRS1.

Today, my mortgage repayment came out and it has increased by another €100 euro, so that is an increase of €300 a month on a fixed rate mortgage over the last year, Surely it cant be another TRS1 re-calculation???


I am a first time buyer and only own the house 18 months, am I wrong in thinking that my Tax relief at source should not have changed for the first seven years of my Mortgage?

that sounds odd. Was 100% of your mortgage for the purchase of your home?

I know that if you got a home loan that also included paying off other loans/debts that you must calculate the percentage that was for the home. maybe this was only noticed now?


anyway, i'd get on to your lender immediately. No point in trying to guess.

Ya thanks, no the amount borrowed was 95% of the value of the house as i had the rest saved, I am a category 1 first time buyer so at the momet in my second year my interest repayment probably exceeds €10,000

Interest Paid: €10,000
Eligible Amount as a First Time Buyer: €10,000
Relief Rate for First Time Buyer: 25%
Relief to be granted is calculated as: €10,000 * 25% = €2,500
Monthly TRS based on above figures: €2,500/12 = €208.33 per month

The TRS I am now getting is €104, on contacting the bank i have been told that TRS has been halved across the board for everyone. I feel a bit stupid now because it is thge first i have heard of it been halved across the board... have i been living on another planet?

"I am on a fixed rate with Haven (EBS broker side of things) and they took 94 extra on my payment today with no warning. When I rang they told me they have made an error with people's tax relief (she said they had already had hundreds of calls about this today) and have to recoup it before the end of the year and will be taking the extra amount next month too. I received no letter in advance. Can they do this with no warning? I am in the red as a result with another payment due to go out of my account which will now bounce. I also cannot afford an extra 94 next month, I am barely making ends meet as it is. I feel sick, worried and angry. Can anyone please advise me? "

from here http://www.askaboutmoney.com/showthread.php?t=125694


looks like lot sof people in the same boat. my own mortgage is with ebs. i will check to see if the same and will let you know.

edit: jusrt checked my a/c and the usual amount was taken.

Same thing happened to me when I checked my banking today!!!!! No notice at all.