Central Bank to probe tracker mortgages

Move follows Permanent TSB failure in managing over 1,000 accounts

22nd December, 2015

The Central Bank of Ireland is to investigate all lenders who have offered tracker mortgages in Ireland.

The review will focus on whether customers’ rights have being fully honoured and to ensure that the institutions have complied with regulatory requirements on disclosure and transparency.

It comes after it was found there was a "serious failure" by Permanent TSB (PTSB) in how it managed interest rates on 1,372 mortgage accounts.

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Susan O’Keeffe: One Nation One Britain anthem strikes the wrong note

Brexit Susan O'Keeffe 1 hour ago

Eugene Kiernan: China was the ghost at the G7 feast

World Eugene Kiernan 2 days ago

Analysis: National Maternity Hospital issue is challenging for FG as by-election approaches

Nadine O’Regan: Fishing for compliments at our own funerals