A Kerry banking and finance expert advises mortgage customers to keep a close watch on their banks.
A Prime Time report has revealed that AIB and Permanent TSB are charging high margins to tracker mortgage customers who win the right to revert to a tracker rate after temporarily fixing for a period.
The elevated margin rates over the low ECB tracker rate are part of a Central Bank investigation across all banks.
The Prime Time report also reveals that Bank of Ireland failed to restore 1,800 of its own staff to tracker mortgages, despite having done so for 2,096 in similar circumstances
Financial advisor Padraic Kissane who’s orginally from Lisselton expects the results from the Central Bank investigation early next year: