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A customer of Permanent TSB has settled a case with the bank in what is understood to be one of the first successful tracker mortgage cases taken since the scandal broke. The case is likely to result in a number of other aggrieved borrowers going down the litigation route to seek redress and compensation.
It was disclosed in the Roscommon Circuit Court before Judge Petria McDonnell on Thursday that a case taken by Maria Page against Permanent TSB had been settled.
While the specific terms were not read out in court, it is understood that the settlement is for a sum that is a multiple of what was first offered by the bank, and that costs have also been awarded to Ms Page.
The plaintiff first took the case against the bank back in August 2015 when she received a letter from PTSB acknowledging an issue with her mortgage, and offering compensation. Read More