What is Tracker Mortgage Overcharging Scandal?

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What is Tracker Mortgage Overcharging Scandal?
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• The tracker mortgage overcharging scandal was
  unveiled in 2015 when the central bank launched
  an industry-wide examination of tracker
  mortgages. In 2010, it had first obligated to
  shift their customers to appropriate tracker
  mortgages rates. At that period, banks were
  trying to find tactics to reduce the number of
  clients on mortgage tracker loans because their
  own borrowing costs had increased during the
  crisis.

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• The ECB tracker mortgage is a mortgage where the
  interest rate paid on the loan by the client is
  the principal borrowing rate of the ECB plus
  about 1.  This percentage greatly depends on
  what the banks themselves are offering. However,
  banks started urging tracker customers to move to
  fixed-rate options, explaining that fixed rates
  for a certain period of time would allow them to
  benefit from a certain level of certainty in
  terms of repayment.

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• Customers were dismayed when they were not
  shifted back to their original tracker mortgage
  rate once the fixed-rate period was over.
  Customers were, instead, moved on higher
  fixed-rate and variable-rate loans.
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• We offer a specialized service to accountants and
  financial consultants to keep a tab on
  overcharging scandal who wish to have their
  clients bank accounts forensically apprised. We
  liaise directly with the accountancy office
  without the need for contact with the client.

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Contact us-

• Loan Analysis Solutions
• Locations Naas, Kildare, Ireland
• Email contact_at_loananalysissolutions.ie
• Website www.loananalysissolutions.ie