Friday 24 November 2017

Couple lose appeal over mortgage 'break' fee

Tim Healy

A COUPLE who appealed a decision of the Financial Services Ombudsman to reject their complaint about a breakage fee on their mortgage, have had their case dismissed by the High Court.

Jacqueline and James McEvoy thought they would only have to pay €100 to unlock out of a five-year fixed term but were told by the bank that it would cost €16,500.

The couple, from Dublin, complained to the Ombudsman that that they had been given incorrect information by Permanent TSB. The Ombudsman rejected their complaint.

Dismissing their appeal yesterday, Mr Justice Paul Gilligan said the McEvoys at all times had the conditions of the mortgage, including those relating to fixed-rate loans.

Irish Independent

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