Are you due back a refund from your mortgage lender?

More then 300 Permanent Tsb mortgage customers are to receive refunds totalling €1.5 million as a result of an error made by the bank.  Customers who had initially opted for a fixed rate loan, should have been offered the option of switching to a tracker rate when their fixed rate matured.  However in the case of 300 or so customers, the option of a tracker rate was not provided.  The effected mortgage customers will receive an average refund €5,000. 

Could you be due a refund?  We strongly recommend that if you have a mortgage and initially went on a fixed rate or fixed your mortgage around 2007 to check your  mortgage loan offer or form where changed to a fixed rate to see if you should have been offered a tracker rate when your fixed rate expired. 

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