A BSA spokesperson welcomed the report published today by the LSE entitled Releasing the mortgage prisoners which has been privately funded by Martin Lewis of MoneySavingExpert:
“This report takes the bull by the horns and explores government actions that may help some of the many mortgage prisoners for whom the FCA modified affordability rules won’t work. The LSE report has echoed our consistent call for the FCA perimeter to be extended to closed mortgage books and we welcome recognition that Government has an important role to play.”
Releasing the mortgage prisoners report
Article by LSE - Treasury should act to release mortgage prisoners
Article by Martin Lewis - Only the government can release the 250,000 mortgage prisoners it's failed - and Coronavirus is a tipping point, so not acting now could devastate lives.