Pair overcharged €61k offered €6k compo

Permanent TSB has told a couple they must accept the bank’s “derisory” €6,000 offer of compensation before it will repay €61,000 it overcharged them on their mortgage, the High Court heard Friday.

Liam Fitzgerald and Angela Wallace are among 1,100 customers of Permanent TSB who, a Central Bank investigation found, were overcharged. The pair are suing the bank for damages.

The couple, from Lusk in Co Dublin, were told in late July they had been overcharged by more than €61,000 by PTSB in respect of a mortgage relating to their current and previous family homes for a period in excess of six years.