MSE News: It's time for the Government to free mortgage prisoners trapped paying 8% interest 1 March at 7:01PM in Campaigns corner 2 replies 493 views

MSE_Petar

A landmark new report published today by the London School of Economics and Political Science (LSE) puts forward costed solutions to the horror of the situation facing up to 200,000 mortgage prisoners, who have been trapped on high rates after their loans were sold by the state to 'closed book' inactive lenders.

Read the full story:
'It's time for the Government to free mortgage prisoners – many trapped are now paying more than 8% interest and rising. Their lives have been devastated by successive governments' inaction.'

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MSE_Petar

The Government has now confirmed that it will consider the proposals from the report. For full info, see our MSE News story:
 

Read the full story:
'Mortgage prisoners: Government promises to consider proposals to free trapped borrowers'

MSE_Petar

MSE has spoken to two affected homeowners as part of our campaign to free mortgage prisoners.

Read the full story:
'The people trapped paying 8% interest on their mortgages: 'I lie awake at night and I'm petrified all the time' – MSE speaks to mortgage prisoners'