Borrowers who took out their mortgages before 2006 are included in the Central Bank's tracker mortgage examination, according to Fianna Fáil Finance Spokesperson Michael McGrath.

Mr McGrath said Director General for Financial Conduct in the Central Bank Derville Rowland confirmed to him that relevant mortgages entered into before 31 December 2015 are in scope for the examination.  

He said this "confirms that the pre-2006 AIB mortgages and indeed pre 2006 mortgages relating to other banks are incorporated in the Central Bank's examination.

Mr McGrath said he had been contacted by mortgage holders who were told by their lenders they were outside the scope of the examination and were therefore not impacted by the issue.

He said the "ambiguity even left people wondering if these mortgages were incorporated in the Central Bank's Tracker Mortgage examination".