PTSB appeal board set up

Permanent TSB mortgage customers who lost their home as a result of the bank’s failings can appeal the amount of compensation offered to them to an independent panel which will include the former deputy financial services ombudsman.

At least 22 families lost their home as a result of Permanent TSB (PTSB) overcharging them for mortgage repayments.

The higher repayments were identified as a key factor in borrowers losing their home in at least 22 cases while another 39 customers who lost their homes may yet fall into this category too.