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Ipswich Building Society launches deals aimed at freeing 'mortgage prisoners' - MSE News
MSE_Luke
Posts: 295 MSE Staff
A building society has launched a new kind of mortgage deal which could help so-called 'mortgage prisoners' by making affordability checks less strict for borrowers trapped with their existing lender...
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'Ipswich Building Society launches deals aimed at freeing 'mortgage prisoners''
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'Ipswich Building Society launches deals aimed at freeing 'mortgage prisoners''
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Doesn't resolve the issue of those people switching from an interest only to repayment basis. Much of the prisoner legacy debt was issued well over a decade ago. Nor is the Ipswich BS large enough as a lender to materially impact the wider market. Only 733 mortgage completions were made in total in the year ended 30th November 2018.0
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