Central Bank to reveal homes lost in tracker scandal

The Central Bank will likely verify how many people lost their homes as a result of the tracker mortgage when it issues its final report, as it emerged that the number of affected customers has now reached almost 10,000.

Four of the biggest banks have set aside more than €500m in reserve between them to deal with redress and other compensation over the scandal, believed to be upwards of 15,000 cases when the review is complete.

Banks have admitted people lost their homes because of the scandal, which occurred when customers were wrongly moved off tracker mortgages onto more expensive loans.