They've made that decision and ruined an awful lot of people's lives.
It escalated so bad that one night I woke up and I had had a stroke in my sleep
I don't know what a Tracker Mortgage Scandal is?
Watch as the actor from that infamous Ad explains how he now knows just exactly what a Tracker mortgage is click here.
A powerful new two-part documentary series beginning tonight on RT One and RT Player, goes behind the headlines to tell the full story of the Tracker mortgage scandal through the eyes of the people most affected, as well as a small band of people who helped them fight back against the banks.
It is billed as the biggest consumer banking scandal in the history of the State, leaving some of its victims facing financial ruin, ongoing health problems - and in some cases on the verge of a nervous breakdown.
Ireland's Tracker mortgage scandal would ultimately cost the banks over 1 billion in fines and redress to more than 40,000 affected customers and their families. Yet less than twenty years ago, while many of their customers were being incorrectly taken off their valuable Tracker mortgages, the Government pumped 64 billion of taxpayers' cash into many of these same banks to stop them from collapsing.
Padraic Kissane is a financial advisor and mortgage broker who took on the banks and tried to get tracker mortgages back for his clients.
Padraic Kissane: The thing to understand about the track of mortgage scandal is, people at the time were already under severe financial strain because of the economic collapse. When the Tracker scandal occurred, it really was a straw that broke the camel's back.
When I first started looking into the whole Tracker area, I had no idea it was going to take over my life. A lot of people would probably say I became obsessive about it because the more I looked, the deeper that my concerns became.
Prior to the collapse of the Celtic Tiger, Thomas and Claire Ryan bought their family home in Wexford and the Dublin house Claire grew up in as an investment property with tracker mortgages. In December of 2006 the Ryans signed up to a three year fixed rate on these loans, in the expectation that they would then revert to a tracker rate. But when this fixed rate period ended, the bank said the Ryans were no longer entitled to get their tracker rate back.
Thomas Ryan: When the tracker was denied to us, and the rises started to kick in, it was absolutely crippling. It was because it was such a crippling amount of money, it was going to destroy us. This put huge pressure on our family on a day-to-day basis. Huge tension came into the house, massive tension. We'd have quibbles that we would never have had, and it was difficult to protect it from the children.
We didn't know it then back in 2011, we were two years in at that point, but it would take another seven years, before we would see an end to the tracker issue in our house. It escalated so bad that one night I woke up and I had had a stroke in my sleep. I've been very lucky to survive.
Caitriona and John Redmond took out a tracker mortgage for 189,000 in June 2003 to buy their family home in Balbriggan, north County Dublin. In May 2007, they fixed their main mortgage for three years expecting it to then revert to a Tracker mortgage but were refused. Under huge financial pressure, the couple entered into a series of debt agreements with their bank.
Caitriona Redmond: You give them literally every single thing you've spent money on for the previous three months. And you justify to them every single cent you've paid. Once or twice they came to us and they said, you're spending too much on food. There was five of us in the house, so two adults, and then the rest children, and we had the budget down to 70 euro for our family for a week, which is bonkers.
John Redmond: No one wants to go to their family and say, can you help me out on this. No one. For me it would've been looking like a let down to my parents because they've always provided for me.
Caitriona Redmond : At one point, the bank started talking to us about maybe putting the house back on the market.
John Redmond: I have a lot of anger about not being able to afford more kids. I have a lot of anger in general with the bank. Someone else has made a decision on your life. It's someone high up in the bank. They've made that decision and ruined an awful lot of people's lives.
Around the same time as Padraic Kissane is trying to get tracker mortgages back for his clients, Irish Independent journalist Charlie Weston also continues breaking stories about what is going on.
I could see people were being harmed, he explains. This was going to turn into the single biggest banking overcharging scandal that we've ever had in this country.
With cases still tied up in the courts and the Financial Ombudsman, this new documentary series examines if this scandal is really over?
Watch Episode 1 of Trackers: The People V The Banks tonight on RT One and RT Player from 9.35pm
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
15/06/2026
Detach from Direct-Attached: How Remote Editing with EVO Keeps Creative Teams Mo...
14/06/2026
Library captures 1960s R&B/pop drum sound
Following on from their recent wave of plug-in effects, Iconic Instruments have just launched an all-new virtual d...
14/06/2026
HBO Comedy Rooster Shot with URSA Cine 17K 65
Brie Clayton June 14, 2026
0 Comments
Large format brings viewers intimately close to characters.
Black...
13/06/2026
Latest expansion pack includes 252 presets
Devious Machines have recently introduced another expansion for their powerful multi-effects plug-in, Infiltrator...
13/06/2026
Create custom DAW/plug-in controllers using prompts
MetaGrid have recently introduced an all-new AI Builder function to their touchscreen-based control surf...
13/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/06/2026
YES Network and The Gotham Sports App will air seven Athletes Unlimited Softball...
12/06/2026
The United Football League will host its FAST Innovation Suite at the 2026 United Bowl presented by Credit One Bank on Saturday, June 13 at 3:00 p.m. ET at Audi...
12/06/2026
PTZOptics and LayerJot will present live demonstrations at InfoComm 2026 showing how natural-language AI prompting, robotic camera control, and on-device comput...
12/06/2026
MultiDyne Video and Fiber Optic Systems will exhibit at InfoComm 2026, featuring...
12/06/2026
Ateme has announced that Eurovision Services is using Ateme's software-based frame-rate conversion technology for international live event workflows. The de...
12/06/2026
Bitmovin and Simplestream have announced a partnership with Xperi to simplify the launch of OTT streaming services on TiVo OS smart TVs and devices. The collabo...
12/06/2026
Net Insight has announced that a multinational technology company is deploying a...
12/06/2026
MLB Players Inc., the business arm of the MLB Players Association, has announced a partnership with Athletes First to develop and sell brand partnerships across...
12/06/2026
Guntermann and Drunck (G&D) and VuWall have announced the CommandKeyboard-Advanc...
12/06/2026
Comcast Smart Solutions announces a new smart technology deployment with Major L...
12/06/2026
Elevation Worship completed the initial leg of its Elevation Nights 2026 tour ...
12/06/2026
AJA Video Systems has announced KONA IP25 support for Colorfront Transkoder and ...
12/06/2026
Audinate Group Limited (ASX: AD8) will exhibit at InfoComm 2026 (Booth C7321, Ce...
12/06/2026
Pac-12 Commissioner Teresa Gould has announced the appointment of Scott Adametz as Chief Technology Officer. The Pac-12 describes the hire as the first CTO appo...
12/06/2026
Grass Valley has announced AMPP Edge Live, a production system combining Grass Valley hardware, NVIDIA Blackwell GPU acceleration, and AMPP OS in a single platf...
12/06/2026
At one time a trailblazer with the launch of the Longhorn Network, the Universit...
12/06/2026
Ratings Roundup is a rundown of recent rating news and is derived from press rel...
12/06/2026
Chyron has announced PAINT 10.4, an update to its illustrated replay and sports ...
12/06/2026
SVP, Production, Mark Gross: With the new schedule, with not having every Sunday night, it has given us an opportunity to take a step back and reimagine what o...
12/06/2026
For Televisa Technical Engineering Manager Roberto N nez Ibarra and the small team of 12 technicians and two production personnel at the IBC things are already ...
12/06/2026
Simple Steps to Better Acoustics - Taming The Small Room
Most of us mix in spare rooms and small spaces, where the acoustics fight us at every turn. At Gear...
12/06/2026
Latest addition expands vintage-inspired effects palette
Meris' Ottobit pedal range draws its inspiration from vintage gaming consoles, and the latest a...
12/06/2026
Soundbox-based chamber strings series expanded
Sonora Cinematic have just announced the launch of the second instalment in their Soundbox-based chamber stri...
12/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/06/2026
AJA Announces KONA IP25 Integration with Colorfront Software
Brie Clayton June 12, 2026
0 Comments
Collaboration enables uncompressed SMPTE ST 2110 I/O ...
12/06/2026
URSA Cine 12K LF Used to Create Visuals for STUTS' K-Arena Concert
Brie Clayton June 12, 2026
0 Comments
Organic visuals projected on a giant scre...
12/06/2026
MTI FILM Acquires Mango New Edit, Expanding its Global Post-Production Services ...
12/06/2026
AI Point Tracking Speeds Up Complex VFX Tracks in Mocha Pro
Jessie Electa Petrov June 12, 2026
0 Comments
The 2026.5 release adds automatic point trac...
12/06/2026
Bitmovin, a provider of video streaming solutions, has partnered with Simplestream, a provider of OTT and broadcast solutions, and technology provider Xperi, to...
12/06/2026
Leostream Corporation, creator of the world-leading Leostream Remote Desktop Access Platform, today announced Jigsaw24, a leading B2B IT solutions provider wit...
12/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/06/2026
How Aussie indie games and screen are levelling up with IP 11 June 2026
Ari Harrison, Pro Jank Footy
Head of Games Joey Egger and Ari Harrison of Umbrella sha...
12/06/2026
AgentPerf from Artificial Analysis, the industry's first agentic AI benchmark, gives developers, enterprises and infrastructure providers a clear way to com...
They've made that decision and ruined an awful lot of people's lives. 
