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Mortgage-TRS Deduction question

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  • 18-11-2008 7:35pm
    #1
    ASIL1983
    Closed Accounts Posts: 147 ✭✭


    Ive had a fixed rate for the last two years and i got my new rates today. The letter says that the rates do not include the TRS deduction which is EUR 196. Does this mean that my mortgage repayment will be XXXX minus 196 every month or is the 196 a once off claim??


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    #2
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    ASIL1983 wrote: »
    Ive had a fixed rate for the last two years and i got my new rates today. The letter says that the rates do not include the TRS deduction which is EUR 196. Does this mean that my mortgage repayment will be XXXX minus 196 every month or is the 196 a once off claim??

    The TRS is normally a seperate transaction- and would be shown as a lodgement into the account from which the mortgage is being paid. As such- I believe it is XXXX minus 196 a month (note: the TRS for a FTB is 10k per annum at the lower rate or 20k for couple- this works out at EUR167 for a single person FTB or EUR334 for a couple).

    S.


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