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Dublin: 10 °C Monday 14 October, 2019

#Tracker Mortgage

# tracker-mortgage - Saturday 14 September, 2019

KBC Bank admits it used time limit clause in 27 tracker complaints to Ombudsman

A number of banks, including KBC, reversed their decision to challenge the investigation of these complaints after a public rebuke by the ombudsman.

# tracker-mortgage - Sunday 25 August, 2019

Lenders expected to row back after rebuke from ombudsman over tracker mortgage complaints

Ger Deering this week revealed 500 complaints could be impacted by banks’ use of time limit clauses.

# tracker-mortgage - Monday 19 August, 2019

Banks use time limit to challenge tracker mortgage complaints to Ombudsman

Ombudsman Ger Deering said up to 500 customers could be affected by these challenges.

# tracker-mortgage - Tuesday 16 July, 2019

Banks offer average of €194,000 to people who lost homes due to tracker mortgage scandal

There were 99 homes lost as a result of lenders’ failings as well as 216 buy-to-let properties.

# tracker-mortgage - Sunday 2 June, 2019

More banks to face fines over tracker mortgage scandal as officials coy about revealing cost details

Ulster Bank recently told an Oireachtas Finance committee that it will not be disclosing the amount of money it has set aside to deal with the fine.

# tracker-mortgage - Thursday 30 May, 2019

Permanent TSB fined record €21 million over tracker mortgage scandal

PTSB has apologised “unreservedly” to the customers affected by the tracker mortgage scandal.

# tracker-mortgage - Thursday 28 March, 2019

Couple received €40,000 after insurer tried to reject storm damage claim

There were 5,692 complaints made to the financial services ombudsman last year – one third of those about insurance.

# tracker-mortgage - Wednesday 27 February, 2019

Central Bank says 35-45 year olds who bought homes in the boom will be most impacted if tracker rates rise

Despite Brexit, the Central Bank believes workers are in line for pay increases of up to 7% over the next two years.

# tracker-mortgage - Monday 4 February, 2019

Banks pay out €647 million to victims of tracker mortgage scandal

The number of people affected by the overcharging scandal has now risen to almost 40,000.

# tracker-mortgage - Thursday 19 July, 2018

Financial services watchdog received over 900 complaints about tracker mortgages

All of the complaints are on hold until the Central Bank finishes its review.

# tracker-mortgage - Sunday 13 May, 2018

'I am really struggling': Thousands still left in tracker mortgage scandal limbo

Financial adviser Padraic Kissane believes an extra 3,000 people may be affected, but some may have to go to the courts to get their money back.

# tracker-mortgage - Thursday 8 March, 2018

Tracker mortgage scandal: Overcharging total expected to reach €700 million

Padraig Kissane said he believes a further 5,000 cases not yet included in the investigation are impacted.

# tracker-mortgage - Monday 26 February, 2018

Galway couple overcharged €1.23 million by KBC Bank on their mortgage

The couple were overcharged on mortgages for a number of investment properties.

# tracker-mortgage - Tuesday 6 February, 2018

Tracker scandal: Just a quarter of PTSB customers who lost homes have appealed

Sinn Féin’s Pearse Doherty said there was an “onus” on the banks to get in contact with these customers.

# tracker-mortgage - Tuesday 23 January, 2018

Tracker mortgage scandal: AIB did not consider 'the potential fallout'

About 10,000 account holders were impacted by the scandal.

# tracker-mortgage - Thursday 18 January, 2018

'Take a look in the mirror': Why didn't the Central Bank act earlier on the tracker mortgage scandal?

The Central Bank’s governor Philip Lane confirmed 13,000 impacted customers are still waiting to get their money back.

# tracker-mortgage - Tuesday 16 January, 2018

Minister willing to bring in new laws to punish reckless behaviour of senior bankers

Paschal Donohoe was speaking to the Finance Committee today about the tracker mortgage scandal.

# tracker-mortgage - Sunday 31 December, 2017

Here's how banks plan to 'rebuild trust' after the tracker mortgage scandal

The initiative has been welcomed by Minister Paschal Donohoe today.

# tracker-mortgage - Wednesday 20 December, 2017

Here's how many customers each of the main banks say they overcharged

Some of the banks have increased their numbers significantly.

It gets worse: Central Bank forces lenders to admit 13,600 more tracker victims overcharged

We now know at least 33,700 customers were overcharged and the Central Bank said it had to “relentlessly pursue” lenders in many of these cases.

# tracker-mortgage - Tuesday 12 December, 2017

Couple battling to keep home discovered they're victims of tracker mortgage scandal 'by accident'

The family were forced to go to the St Vincent de Paul to put food on the table for their children after paying €1,080 a month in mortgage repayments.

# tracker-mortgage - Thursday 7 December, 2017

'There's no evidence of a banking cartel in Ireland', says watchdog

But the CCPC hasn’t ruled out the possibility banks colluded over the tracker mortgage scandal.

# tracker-mortgage - Thursday 30 November, 2017

BOI hiking up some tracker mortgage rates by 1% 'should not have occurred'

Minister Paschal Donohoe said he would be raising the issue with the Central Bank.

# tracker-mortgage - Tuesday 14 November, 2017

Central Bank wants bank execs to 'take a long hard look in the mirror' over tracker scandal

Deputy Governor Ed Sibley said he expects board members to be held to account over the errors.

# tracker-mortgage - Thursday 9 November, 2017

Bank of Ireland confirms additional 6,000 customers overcharged in tracker scandal

This brings the total number of impacted Bank of Ireland customers to 10,300.

# tracker-mortgage - Friday 3 November, 2017

Margaretta D'Arcy tried to perform a 'citizen's arrest' of AIB bosses over the tracker scandal

D’Arcy – who has a history of taking part in high-profile campaigns and activism – took to the stage at the EGM today.

Minister's warning: 'Tenure of individual bank directors' in firing line unless there's progress on trackers

Paschal Donohoe says he’s prepared to use his influence as a shareholder if he’s not satisfied with how banks perform.

# tracker-mortgage - Friday 27 October, 2017

Poll: Are the banks doing enough to tackle the tracker mortgage scandal? Your Say This post contains a poll

Poll: Are the banks doing enough to tackle the tracker mortgage scandal?

The Central Bank has said the “vast majority” of those affected will be repayed by Christmas.

# tracker-mortgage - Monday 23 October, 2017

Tracker scandal: Repayments by Christmas as Donohoe bemoans 'cultural issue' with banks

The CEOs of Bank of Ireland, Permanent TSB and KBC held talks with the Minister for Finance today.

From 'I don't know what a tracker mortgage is' to the biggest financial scandal of our time

The heads of three banks are due to meet with the Finance Minister to discuss the issue today.

# tracker-mortgage - Thursday 19 October, 2017

'A dog who won't bark, never mind bite': Central Bank in the firing line over tracker scandal

More than 20,000 people were impacted by the scandal and numbers are likely to rise.

# tracker-mortgage - Wednesday 18 October, 2017

Taoiseach says banks' behaviour on tracker mortgages is 'scandalous'

Donohoe is calling in the bankers on Monday and Wednesday to “admonish” the chief executives.

# tracker-mortgage - Tuesday 17 October, 2017

23 people lost their homes because of the tracker mortgage scandal

Financial institutions have paid out €163 million to affected customers to date.

# tracker-mortgage - Saturday 14 October, 2017

'The banks took their money, turned their lives upside down, and shattered their dreams'

Fianna Fáil’s Michael McGrath said the Central Bank will be grilled on the tracker mortgage scandal next week.

# tracker-mortgage - Friday 13 October, 2017

More than 30,000 people may be affected by tracker scandal - double the Central Bank's estimate

Financial advisor Padraig Kissane said many people who should be included in the current redress process have been told they are not impacted.

# tracker-mortgage - Sunday 8 October, 2017

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 - Friday 6 October, 2017

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.

# tracker-mortgage - Thursday 5 October, 2017

'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.

# tracker-mortgage - Thursday 28 September, 2017

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 - Monday 4 September, 2017

'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.

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