Tracker compensation: Should I accept or should I appeal?

Banks will fight initial legal actions, so affected customers should inform themselves before acting

Some eight years since the tracker scandal first broke, many homeowners are only now receiving offers of redress and compensation: others have yet to receive anything.

The scandal, which saw thousands of mortgage customers either denied access to a tracker, or charged an incorrect rate on their tracker mortgage across 11 banks operating in Ireland, is expected to impact more than 33,000 customers by the time it finally wraps up, hopefully later this year.

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