The Mortgage Costs Will Go Up Again This Week

Mortgage costs will go up again this week that is going to put the squeeze on many households. It's especially bad news for tens of thousands who are trapped paying unaffordable mortgages these are the so-called mortgage prisoners. Many bought their homes in the late 2000s with lenders who then went bust in the financial crisis. The government took over those banks and sold the mortgages to inactive lenders meaning their customers can't switch to a better deal with them.