Banks admit more homes lost in tracker fallout

Up to 10 more customers of Permanent TSB have lost their homes on top of the 22 already known from the fallout of the tracker mortgage scandal, while KBC Ireland had said it has still not contacted many customers wrongly put on more expensive loans.

Permanent TSB officials including group chief executive Jeremy Masding told the Oireachtas Finance Committee it had identified 579 new customers on the wrong rate since engaging in the Central Bank’s industry review.

On top of the 1,372 customers it had identified as part of its own review that began in July 2015, the bank said it had found 579 new cases by June when it completed the second phase of the review ordered by the Central Bank.