As a result, I had to select the variable interest option and subsequently signed the mortgage application form. At the heart of the tracker mortgage crisis – and critical to any argument for redress – is the fact that borrowers were deprived of access to a tracker mortgage to which they had a contractual right. The tracker mortgage crisis has been one of a litany of shameful behaviours by Irish lenders that spend millions on marketing budgets telling us how much they care for us as customers. In this case, banks acted as though only its customers were bound by a legal contract. In your case, however, you were told clearly at the application stage that the tracker product was not available to you in relation to the type of mortgage you were seeking.

Source: The Irish Times February 13, 2018 09:00 UTC