I took out a mortgage earlier this year - loan was drawn down in early August, first payment due end of September but wasn't taken from my account until early October.
TRS has still not been sorted out - bank said it will take another month but it will be backdated ie the amount I would have got for the 4 months (Sept to Dec) will be split evenly between say Nov and Dec.
Its a joint mortage - 2 FTB's - my question is will we get the full €166 per month each for this (I know this amount is gone) or because we might not pay the full €10K intereset this year, will we only get the 20% of whatever interest we pay?
Likewise, next year, do we need to have paid €20K interest (10K each) to get the full amount back?
Thanks
TRS has still not been sorted out - bank said it will take another month but it will be backdated ie the amount I would have got for the 4 months (Sept to Dec) will be split evenly between say Nov and Dec.
Its a joint mortage - 2 FTB's - my question is will we get the full €166 per month each for this (I know this amount is gone) or because we might not pay the full €10K intereset this year, will we only get the 20% of whatever interest we pay?
Likewise, next year, do we need to have paid €20K interest (10K each) to get the full amount back?
Thanks