5 News speaks to the 'mortgage prisoners' trapped on high interest rates | 5 News

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► Thousands of homeowners have been trapped with high rates for more than a decade - after their lender collapsed.
These so-called "mortgage prisoners" are unable to move to cheaper options, leading to poverty and mental health issues for many. 5 News spoke to one of them.
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Опубликовано:

16 мар 2023

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Комментарии : 23

@John-se7rc Год назад

The tory chancellor just gave an extra £40.000 to the richest pensioners. This includes a lot of ex MPs .

@evechurchill424 Год назад

welcome to trickle down economy, enrich the already rich, and hope for the best.

@tedcopple101 Год назад

Ex northern rock customers did not all have poor credit ratings. The repossession rate was no higher than any other bank.

@jameshancock-sk1zn Год назад

I have excellent credit scores and my affordability is not an issue, if reporting please make it factual correct. We were sold by the government who to vulture funds who do not offer new products. Northern rock was a hight street bank.. we are prisoners because "we can't afford to pay less" or we were on a hight street interest only product with an option to switch to repayment and that option was removed upon the sale

@videostoviews2262 Год назад

More of this content please and a bit longer than 3 minutes. Thank you.

@fionamcdermott6555 Год назад

We are not bad borrowers with bad credit!! It's not as simple that. The government sold us knowing this and made 2.4 BILLION while we pay dire rate about double based rate. Mine payments have gone from £340 to £650 in less than a year yet according to lending criteria I can't afford to pay less. The rich are just getting richer, leaving people like me in dire straights at risk of repossession (NEVER MISSED A PAYMENT) having to juggle finances, go without food and other necessities just because our non lending mortgage company Landmark don't offer mortgages, no but they could lower the rates and keep things fair for us. Utter disgrace what the government have done to us.

@samdixon63 Год назад

My credit rating is not good because I owe nothing but my mortgage not because I have debts or default on payments. My mistake was because I went to Bradford and bingley for a mortgage in 2004 and their broker suggested northern rock

@louisecollins-yv4jd Год назад

We were not sub prime We were not bad risks We did nit have bad credit Northern rock et al were regular high street lenders The treasury sold us off knowing they would cause us harm!

@kevincowan2639 8 месяцев назад

Northern Rock were good sponsors for Newcastle right?

@steveclayton4249 Год назад

Ukar was a really good idea they should have kept going with the customers that had been transferred there rather than selling tranches of debt off to various companies. It made decent profits. It got the arrears down of the people involved and more importantly the number of repossessions down. Instead all sold off.

@josephlenehan4461 Год назад

Joseph and today TV

@kevincowan2639 8 месяцев назад

I can sense a lie here because how can you still have a mortgage after 25 years?

@satansbunny3383 Год назад

How many times have people got to be told but just can't be bothered...READ THE SMALL PRINT.

@IrishSnwbrdr Год назад

Or… hear me out… we don’t allow predatory practices that rely on people not reading/understanding the fine print? Why intentionally build traps into your society? Seems inefficient at best and immoral at worst

@raf775 Год назад

Yeah that is not the clearest you absolute idiot, we are getting tricked and cheated on by loopholes as and corrupt financial state. We are lied to all the time and you need a law degree to read the small tiny tiny tiny tiny print, allot of us might have autism or adhd and trust what we are told.

@kevincowan2639 8 месяцев назад

👏🏻 👏🏻 👏🏻 well said Saten

@Choober65 2 месяца назад

It doesn't matter, they change the T&C as soon as you sign on the line. The SMALL PRINT SAYS THEY CAN, and the cunts DO. But THEY never sign, so the contract is VOID ab Initio.