mortgage prisoners

Government loan sales trapped mortgage prisoners

3rd March 2023 Banking and Loans | #mortgage prisoners

A new report suggests that the Government made £2.4 billion by selling mortgages from collapsed lenders to investment firms, with 200,000 mortgages sold to firms that cannot offer new deals. With other lenders refusing to accept these homeowners, they have been left as so-called ‘mortgage prisoners,’ trapped on high rates. The London School of Economics…

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mortgage prisoners

Government loan sales trapped mortgage prisoners

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