Lenders to help thousands of 'mortgage prisoners' - MSE News

Dozens of mortgage lenders have agreed common standards to help up to 10,000 borrowers who are stuck on their existing deal - but 10,000s more so-called 'mortgage prisoners' will be left stranded...
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'Lenders to help thousands of 'mortgage prisoners''
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  • boatmanboatman Forumite
    4.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    Turkeys voting for Christmas. Why would those who benefit from customers paying more change it? Tories paid for by Banks. Allow a few to get a new mortgage to make it look like they are doing something, whilst leaving the vast majority stuck in a situation created by the banks in first place.
  • PiernutPiernut Forumite
    2 Posts
    Not exactly the same but I have faced a similar situation recently, being self-employed I had a couple of rough years but was still paying the mortgage off and making £50pcm overpayments as I have a low cost of living.
    Trying to switch to a different bank with a much lower rate and therefore lower monthly payments proved impossible. They were not interested in fact we have always made payments + overpayments.
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