Practice areas Tracker Mortgage Overcharging

Since 2010, the Central Bank has been looking into tracker related issues with various lenders. Following an industry-wide review carried out by the Central Bank in 2015, it was decided to formally implement the Tracker Mortgage Examination.

The review revealed that all the main banks, Permanent TSB, Bank of Ireland, AIB, EBS, Ulster Bank and KBC had or were overcharging customers on their mortgages. The overcharging occurred when the banks (i) denied customers a tracker interest rate or (ii) put customers onto the incorrect tracker interest rate margin. 

Even if you have received redress and compensation, you can still pursue the banks for additional compensation. In many instances, the compensation paid by the banks is inadequate and more importantly, the tracker interest rate margin may be incorrect. 

Lawlor Kiernan are representing overcharged customers since 2015 and acted in the Geraghty v Permanent TSB test case which we successfully settled prior to the trial.  For further information in relation to that case, please click on the following link:

If you have questions, please contact us on 01 872 5255 or