2min chapter

The Martin Lewis Podcast cover image

Mortgage mayhem, energy fixes, car insurance & Tesco tips

The Martin Lewis Podcast

CHAPTER

The Government's Profit From Selling on Mortgages

i funded research at the london school of economics three different reports into this to try and come up with policy solutions. Big investment banks have bought lenders but they put them in wings where they don't offer any mortgages so these people have been trapped, stuck and unable to move. The government has made 2.4 billion pounds from selling on those mortgages which it says goes towards supporting the wider public finances. Some of the solutions suggested by this research include interest free loans to help people potentially free financial advice actually that's the free financial advice is always the start point for any borrower who might go on to access other solutions.

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