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

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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