And Where It Stops, Nobody Knows

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The rising tracker mortgage scandal

They found another 13,600 customers affected by the tracker mortgage scandal.

Fancy that.

The five main banks caught up in the scandal – KBC Bank Ireland, AIB, Bank of Ireland, Permanent TSB and Ulster Bank – have issued individual statements on impacted tracker accounts this afternoon.

Between them, these lenders have set aside almost €900m to cover redress, compensation, and additional costs related to the tracker investigation.

…Commenting on its investigation, Central Bank Governor Philip Lane said:

“Many lenders publicly state that they put customers first. The evidence of the examination that we have seen suggests otherwise.”

Good times.

Number of affected tracker mortgage accounts rises above 33,000 (RTÉ)

14 thoughts on “And Where It Stops, Nobody Knows

  1. Boj

    Every single mortgage on this island should be examined. AIB are back with their billions in profits…I bailed them out and I’m still making a loss…mad world so it is!

  2. Dinger

    2 years ago AIB told me that if I sold my home I couldn’t retain my tracker when I purchase a new house. I’ve since sold up with and with the help of a broker retained my tracker…..kind of – it’s now tracker +1%.
    In light of what’s coming out I’m going to check out the legitimacy of this tomorrow

  3. Go A Way

    Typical stupid paddies just sit there and take it up the bum however – as Charger might say
    Next election wait til you see- it will all be the same old spoofers voted in again to “regulate” the same sort of carry on
    The governing class of this country is dung

  4. Daisy Chainsaw

    I’m beginning to think I’m the only person in the country with a tracker who hasn’t had problems.

  5. Joe Small

    Of course if we fine them they’ll just raise rates for non-tracker mortgages (already at ridiculously high levels) or increase banking charges. Heads they win, tails we lose.

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