Permanent TSB sees home loan gain despite tracker scandal

Permanent TSB has seen a rise in new mortgage applications since the turn of the year, saying its well-documented home loan overcharging scandal has not damaged its business.

Speaking after the bank’s AGM in Dublin, yesterday, group chairman Alan Cook said that the company has improved its offering to homeloan customers and has seen applications spike “quite markedly” in the first few months of the year.

PTSB grew mortgage lending by just 2% last year while its big rivals, Bank of Ireland and AIB, saw growth of around 30%.