A still from the tracker mortgage TV ad from The Financial Regulator in 2007
Via The Irish Examiner:
…Already, 103 complaints relating to tracker mortgages are being assessed as banks believe that borrowers left it too late to lodge their claim. However, Ger Deering [Financial Services Ombudsman] said up to 500 complaints are likely to require further assessment.
Mr Deering has expressed concern that banks are using the time limit clause to potentially exclude some of those affected.
He said he is currently dealing with 1,141 complaints related to tracker mortgages. Of these, 103 are being assessed with regard to whether or not they fall outside the statutory time limit, but he expects this number to increase.