TRS re First Active

[P27]

Hi All,

I am aware that First Active have not yet updated their systems to enable customers to receive the correct and more beneficial trs rates that the government announced last year. Does anyone know when they will have completed this process and also how the interest overpayments will be dealth with?

 

[rameire]

it will probably be fixed for the trs payment to be made in july.
as like any other bank that has the same problem, any trs due will be paid into the mortgage over the remaining months of the year to reduce the balance.

"and also how the interest overpayments will be dealth with?"

as for this question i am unsure of what you mean.

 

[PaddyW]

"and also how the interest overpayments will be dealth with?"

as for this question i am unsure of what you mean.

I think the OP means that as the payments are not in line with the new rates, how will the extra relief, that is not received until the new system is in place with the bank, be assigned to the OP. Any outstanding interest relief due to you, P27, will be refunded to you once the new system is in place in the bank.