Thursday 19 October 2017

Bankers face day of reckoning over mortgage-rate apartheid

Ombudsman Bill Prasifka
Ombudsman Bill Prasifka
Charlie Weston

Charlie Weston

Bankers are worried at the moment, and they have reason to be.

If the Court of Appeal finds in favour of a North County Dublin couple in a case disputing a lender's ability to hike variable rates at time of record low official rates, then the banks are in trouble.

Big trouble.

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