Sector Regulation Sector Regulation

UK building societies must do more to help ‘mortgage prisoners,’ minister says

By Fiona Maxwell
  • 04 May 2021 10:51
  • 04 May 2021 10:51

UK building societies should explore options to help borrowers stuck with their mortgage lenders, junior economy minister John Glen said today.

Such “mortgage prisoners” are often stuck paying a higher interest rate than their peers, despite in many cases remaining up to date with their payments. They might be unable to

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