Q&A: Why is the Tullamore court mortgage ruling so significant? 

Finance Minister Michael McGrath said it was a welcome decision: "I believe that loan owners and mortgage providers should be offering fixed-rate options to their borrowers. This is an issue I’ve raised directly with them and also with the Central Bank.' Picture: Sasko Lazarov/RollingNews.ie

A Tullamore Circuit Court decision could have profound effects for thousands of so-called 'mortgage prisoners'.

 What has happened?