Esther McCarthy lifts her Kinsale leather tote, knots her Silke scarf and goes shopping for summer.

Borrowers who are banking on a judicial Fifth Cavalry riding to the rescue may have to think again, if a recent decision of the new Court of Appeal is anything to go by.

The rejection of a couple’s complaint that a bank breached a loan contract by increasing the variable rate on their mortgages was a correct decision, the Court of Appeal has ruled.

The Financial Services Ombudsman must reconsider a couple’s complaint that Danske Bank was not entitled to increase to 4% the variable interest rate on their mortgages at the same time the ECB interest rate was falling to almost zero, following a High Court ruling.