Wednesday July 15, 2020

Concern voiced over new tracker mortgage retention rules

Struggling mortgage borrowers risk losing valuable tracker rates without adequate compensation under new Central Bank rules.

29th June, 2013

Struggling mortgage borrowers risk losing valuable tracker rates without adequate compensation under new Central Bank rules, unless a mechanism is provided to help them to calculate the true value of their tracker rate.

Financial advisers have raised major concerns about the new rules, questioning whether borrowers will be able to calculate the true value of their tracker mortgage when negotiating with lenders to find a solution to mortgage debt.

An actuarial analysis carried out on...

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