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UB tell me that the online mortgage calculators are incorrect

Rabidlamb · 2011-02-25 12:55:16

About 2 weeks ago I checked my mortgage repayment on mortgages.ie & the Karl Jeacle site. They both came back with the same figure to the cent. I worked out my TRS & came to the conclusion that my bank were over charging me by €21 per month. So I rang the UB where I was told that the online calculators were incorrect even…

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25-02-2011 1:55pm

#1

Rabidlamb

Banned (with Prison Access) Posts: 2,202 ✭✭✭

Join Date: June 2007

Posts: 1895

About 2 weeks ago I checked my mortgage repayment on mortgages.ie & the Karl Jeacle site.
They both came back with the same figure to the cent.
I worked out my TRS & came to the conclusion that my bank were over charging me by €21 per month.
So I rang the UB where I was told that the online calculators were incorrect even though the interest rates & principal were the same.
They even have the same TRS deduction as I worked out so the discrepancy is in the repayment figure.

They promised to send me out a copy of the workings but still nothing.
Has anyone noticed the same discrepancy & got a satisfactory answer ?.

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#2 25-02-2011 2:53pm
unclebill98

Registered Users Posts: 3,816 ✭✭✭

Join Date: January 2007

Posts: 3632

Will be interested in seeing what they say on this!

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