Banks engaged in a 'reign of terror' on tracker mortgages, committee to hear

In one statement, given by Kilkenny man Tony Lawlor, the committee is told that Bank of Ireland sought to deny the basis of the original mortgage contract in pursuit of increased interest payments.

Irish banks engaged in a “reign of terror” in moving customers off tracker mortgages, denying them their right to appeal, and causing them to go into arrears, new evidence to the Oireachtas Finance Committee reveals.

In written personal testimony to the committee witnesses, including whistleblowers from within the banking sector, detail “underhand tactics” on mortgages as outlining the untold hurt and damage caused to people in the name of profit.