Saturday June 6, 2020

Polish mortgage-holders gain some ground in their battle against banks

Irish victims of the tracker mortgage scandal may be relieved (or not) to learn that they are not alone in their fight with their country’s banks

6th October, 2019

Irish victims of the tracker mortgage scandal may be relieved (or not) to learn that they are not alone in their fight with their country’s banks. Something similar has happened in Poland – and last week the European Court of Justice (ECJ) gave Polish mortgage-holders some comfort.

In the years before the 2008 financial crisis, Poles buying a home could borrow more cheaply in Swiss francs than in Polish zlotys, because the interest...

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