Central Bank widens net in tracker mortgage probe

Central Bank widens net in tracker mortgage probe

The investigation may end up costing the banks ‘hundreds of millions of euro’

This month, Central Bank staff will have a series of meetings with lenders, as the regulator’s major probe into tracker mortgages enters its next phase.

Tracker mortgages, which first appeared in the Irish market in 2001 and then disappeared for new customers when the economy soured, have been in the spotlight since last summer, after an overcharging scandal at Permanent TSB raised concerns about broader problems in the market.

However, as far back as 2008,...

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