A.E.M.A.

Rise in number wrongly denied a tracker rate

The number of people who had tracker mortgages wrongly taken off them has risen as regulators continue to probe what has become the largest overcharging scandal in the history of the State.

The Central Bank said banks have now identified close to 10,000 cases where homeowners had low-cost trackers wrongly taken off them.

This is up by 1,700 since the last update on the probe was issued in December.

Some 100,000 of some two million mortgage accounts have been examined in detail. There are indications the final number of affected customers is likely to be higher than the current total.

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