Tag Archives: Prisoners

Freeing the Mortgage Prisoners

The Conservative MP Kevin Hollinrake has written to Sainsbury's Bank boss to plead them not to sell their mortgage book to an unregulated bank. 23,000 mortgage prisoners created overnight holding mortgage debts of over £1.8 Billion. These people would be trapped and probably be charged exorbitant standard variable rates (SVRs) as most are on variable…
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