Tracker scandal may ensnare ‘up to 30,000’

As many as 30,000 customers could have been overcharged by banks for their tracker mortgages and the costs of provisioning set aside by banks will inevitably rise, according to the financial adviser who first uncovered the scandal.

Padraic Kissane said there was good reason to believe that the investigation supervised by the Central Bank will find that at least 20,000 customers and as many 30,000 will be found to have been charged too much or put on the wrong tracker rate.

After winning the cases for two customers eight years ago, Mr Kissane went on to identify there was a wider problem involving.