Tracker mortgage scandal: at least 5,000 more could be affected
Committee told that overcharging by banks could amount to €700m
Oireachtas finance committee told that there are 3,000 homeowners at EBS, now part of majority State-owned AIB, who have not been returned to tracker rates.
Financial adviser Padraic Kissane, who told an Oireachtas committee that as many as 5,000 mortgage customers have still not been brought into the redress scheme. Photograph: Gareth Chaney Collins
There could be at least another 5,000 customers caught up in the tracker mortgage controversy, according to the financial adviser who helped to expose the banking scandal.
Dublin-based adviser Padraic Kissane told the Oireachtas Finance Committee that there may still be thousands of customers who have not been returned to cheap mortgage interest rates that tracked the European Central Bank base rate, despite public statements from the banks that they were addressing the issue.