Ulster Bank appeals decision on compensation for three customers in tracker controversy

Ulster Bank said, among other things, the FSPO erred in his interpretation of the contracts and gave inadequate reasons for his decision.

The High Court has been urged to overturn decisions of the Financial Services and Pensions Ombudsman (FSPO) in relation to compensation in three cases of customers who complained to Ulster Bank in the tracker mortgage controversy.

The outcome of the three cases may have a bearing for thousands of other borrowers from the bank who were on trackers. The FSPO found borrowers were entitled to redress based on their entitlements under their tracker mortgage contract with the bank.