Why such a big increase in the interest charged to my mortgage

Hi

I am having difficulty in understanding why my mortgage interest increased by so much at the last ECB rate hike.

I have a tracker mortgage (+.6). I took out the mortgage about 6 years ago: 92% on a 275,000 house. The balance on my mortgage is approx 186000.
I have been paying back at an increased rate over the past few years.

AIB apply interest every 3 months. The interest charged in the past few days was 952, (based on a 2.1% interest rate) up from 853 (when interest was at 1.85%).
It appears to be a huge increase given I am paying back 1938 per month on my mortgage.

I just dont trust AIB but I dont understand the process either. Any help would be appreciated.

many thanks

In very simple terms, a .25% increase would be roughly €465 in a full year or €116 a quarter which seems to tally close enough to your figures.
With the high repayments you quote,the good news is that you will be mortgage free in about 6-7 years

Many thanks vandriver - I have difficulty understanding the system so I appreciate your input