News & Insights
Court of Appeal: Ulster Bank wins appeal against FSPO concerning borrowers’ entitlement to revert to tracker interest rate
The Court of Appeal has set aside two decisions of the Financial Services and Pension Ombudsman (FSPO) which found that borrowers were entitled to revert to their tracker interest rates having moved to fixed interest rates. Delivering judgment for the Court of Appeal, Mr Justice Charles Meenan recognised the incentive for mortgagors to move to […]
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Couple challenges financial fund’s ‘unfair’ 8.5% mortgage interest rate
The couple are seeking orders compelling Pepper to charge them the interest rate PTSB would be charging them. In their High Court case, the couple claim Pepper must abide by the terms of the loan agreements they entered into with PTSB.
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Bank of Ireland hit with record €100m fine over tracker mortgage scandal
Customers of seven lenders investigated by Central Bank lost a total of 327 properties as result of overcharging scandal
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Order for Possession: Warning Against “Legal Advice”
The High Court has dismissed an appeal against a Circuit Court order for possession on the basis that the defendant’s case consisted of “wide-ranging” arguments that relied upon archaic legislation deemed to “make no sense as a matter of Irish law”. Background The defendants, who executed a mortgage over their property by way of security […]
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