Ulster Bank to appeal High Court compensation ruling for tracker mortgage customers

At least 5,300 loan accounts may be affected by the appeal, with other lenders potentially affected as well, the bank submitted

Ulster Bank had sought to persuade the Supreme Court there were “exceptionally pressing and urgent” circumstances in light of its withdrawal from the Irish market. File photo: Sam Boal / RollingNews.ie

An appeal by Ulster Bank against a High Court ruling that upheld the entitlement of two home loan borrowers to tracker mortgage refunds and compensation will go ahead before the Court of Appeal next year.

The setting of the hearing date comes after the Supreme Court turned down the possibility of a leapfrog appeal and said a decision by the appeal court will likely refine and clarify elements of the dispute. The ruling of the appeal court could have implications for other tracker mortgage customers.