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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