Number losing homes over tracker scandal may double

The number of people identified as losing their homes as a result of the tracker mortgage scandal could double in the coming months it has been claimed.

Banks have already confirmed that 97 homes were lost due to the tracker mortgage controversy, however, Fianna Fáil finance spokesman Michael McGrath has warned that this number will significantly increase.

Mr McGrath said: “Given the fact that the number of impacted customers has increased dramatically to 33,700 in a short few months, it is now inevitable that the number of customers who have lost their home as a result of being denied a tracker mortgage will increase well beyond the figure of 97 currently reported by the main lenders.