I am not fully sure what the question here is.
You are paying 1.75% interest on your mortgage at the moment. You could probably get a net 1.75% on a deposit account. So, arithmetically, you are just as well paying off your mortgage as putting it on deposit.
Your house is worth €180k and your negative equity is 33% of that. I am guessing that you are repaying around €10,000 in capital a year, so you will have the half the negative equity eliminated after 3 years.
This is not a prediction, but if capital repayments and house price increases over the next 3 years eliminate your negative equity, where will you be then? You will sell your house and you will have no mortgage and no deposit.
I suggest the following to give you maximum flexibility.
Stop overpaying your mortgage.
Save the money instead to build up a deposit. In three years time, you will have around €15,000
Bank of Ireland may allow you to transfer your tracker to a new home. Assuming you are borrowing, say an extra €60,000, it will be at the SVR of 4.8%. If you pay the €15,000 off your tracker in the meantime, you will have to borrow €75,000 @4.8%.
So save your money instead of paying off your cheap tracker.