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Tuesday 30 May 2023 Dublin: 16°C

# Tracker Mortgage

All time
# crackdown
Central Bank urged to 'flex its muscle' with banks over slow progress in tracker mortgage scandal
Many customers will have to wait until well into 2018 to get their money back and receive compensation.
# tracker mortgage scandal
McGrath: 'How did the banks happen to make the same mistake that hurt their customers?'
Thousands of customers have been charged higher interest rates than they should have been.
# Overcharging
'They've gone without food, without heat in their home': Ulster Bank execs grilled over tracker scandal
The bank’s CEO revealed almost 3,500 customers were overcharged.
# Bankers
Over 100 PTSB customers still on the wrong tracker mortgage rate despite bank identifying error
Thousands of customers were denied tracker rates and charged a higher rate of interest.
# Tracker Mortgage
'Someone knew what they were doing': Financial watchdog says tracker mortgage scandal is unacceptable
Ombudsman Ger Deering said his office has seen firsthand the level of hardship people have experienced as they struggle to pay back their debt.
# Overcharging
'Living in financial limbo': Victims of tracker mortgage scandal still waiting for answers from banks
Thousands of customers were denied tracker rates and charged a higher rate of interest than they should have been paying.
# compensation
Victim of tracker mortgage scandal: 'If I was six months in arrears they'd be ringing me every day'
The Bank of Ireland customer was first told she was affected in December last year – but has received no additional information since then.
# keeping track
Banks in Ireland decline to give progress updates on their tracker scandal reviews
Lenders in Ireland have until September to identify all customers who were affected by interest rate overcharging – we asked how they’re getting on.
# Thank You
'I was living in fear': Kerryman thanks supporters as fundraising campaign passes €40k
Ray Flavin said he hopes his story will encourage other people in his position to seek the help they need.
# Interview
'They'll have to shoot me': Widowed father-of-five's battle to keep his children in their home
He says he will do whatever he has to do to keep their five children in their home, as Bank of Ireland pushes ahead with its attempt to repossess the house
# Courts
'How did this happen?': Court hands Bank of Ireland almost 8 acres of land it has no right to
The Master of the High Court noted the mistake as he received the mortgage papers of a Kerry father-of-five.
# Central Bank
Tracker mortgages: €76 million paid out in compensation so far to customers denied proper rates
A new report states that 9,900 impacted customer accounts have now been identified by lenders.
# Bernard Byrne
AIB says 14 people lost their homes because of high tracker mortgage rates
The first-time buyers grant and communication with customers in rural Ireland was also discussed in committee.
# High Court
Six mortgage holders win compensation of up to €25k from PTSB
Permanent TSB admitted last year that it wrongly moved customers on tracker loans to more expensive mortgages.
# paying up
We paid back €700 million in mortgage debt in the first three months of the year
Debts owed across the board continue to fall, but buy-to-let loans are coming down at a slower rate.
Banks should disclose how ECB rate changes impact its products - Fianna Fáil
Deputy McGrath has called on the Central Bank to force banks to issue a statement following each change to the ECB’s interest rate.
# need to know
The Evening Fix… now with added White House GIFS
Here are the things we learned, loved and shared today.
# sally o'brien
"Put a bit of butter on the spuds André": Our favourite Irish ad catchphrases
Will we ever find out who was taking the horse to France? Or how exactly Sally O’Brien might look at you? Revisit some favourite Irish ad catchphrases…
Mortgage relief as ECB cuts rates by 0.25 per cent
Good news for mortgage holders – the ECB has cut its main interest rate by 0.25 per cent, effective from December 14.
# rates
Financial regulator tells banks: Stop raising variable mortgage rates
Matthew Elderfield has told banks that he will take action if they fail to comply with an instruction to stop hiking interest rates on variable rate mortgages.
# Finance
Bank offer brings sizeable bonus
Permanent TSB’s scheme for tracker mortgage customers netted both parties a generous amount of money.
# Ombudsman
Complaints to Financial Services Ombudsman hit record levels
Nearly half of all the complaints made to the office of the Financial Services Ombudsman related to insurance.
Group launches challenge to Permanent TSB tracker mortgage move
The ‘Protect Our Trackers’ group says a decision to terminate their interest-only periods is a breach of contract.
# Arrears
Protection for tracker mortgages holders in arrears
Financial Regulator announces new customer protection proposals which include preventing lenders from forcing tracker mortgage holders to switch.