Tuesday July 7, 2020

Mortgage market under the spotlight

The banks are once again facing hard questions over tracker mortgages, leaving customers with questions of their own

30th August, 2015
4

Tracker mortgages have been under scrutiny in recent weeks, after an overcharging scandal raised concerns about the potential for further problems in the mortgage market.

Last month, Permanent TSB announced a redress and compensation scheme for nearly 1,400 customers, after a Central Bank enforcement investigation revealed the bank’s failure to inform some mortgage customers of the huge financial consequences of moving off a tracker rate, while others were not informed of their contractual right to...

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