Mortgage expert: 30,000 people will be hit by scandal

The tracker mortgage scandal will, “without a shadow of a doubt”, affect more than 30,000 customers before the authorities get to grips with the matter, far higher than the 15,000 currently estimated by the Central Bank.

That is according to the mortgage advisor who first revealed the scandal, Padraic Kissane, who appeared before the Oireachtas Finance Committee with affected customers of Permanent TSB and Ulster Bank waiving their anonymity to tell their stories.

Mr Kissane, who has been advising hundreds of customers since the tracker scandal broke, said: “It is financial abuse on a grand scale, contrived to deceive customers of their contractual rights.”