Director / Editor: Victor Teboul, Ph.D.
Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments

By Matthew Sparkes, Assistant Professor in Sociology, University of Cambridge
There are 8.5 million households in the UK who own a home with a residential mortgage, often with fixed interest rates from two to five years. Usually, when that mortgage deal ends, the borrower will move to another deal from the same or a different lender.

But not everyone can do this. Changes in regulatory measures after the 2008 financial crisis have left tens of thousands of borrowers in the UK trapped…The Conversation

Read complete article

© The Conversation -
Subscribe to

Follow us on ...
Facebook Twitter