The UK Mortgage Prisoners Facebook group now has over 3400 members. These members all have their own individual stories of being a mortgage prisoner but, over time, it has become clear that there are many similarities both in how they have been treated and their experiences – particularly when it comes to their finances.
Being a mortgage prisoner, trapped on high interest rates and thus paying extortionate monthly mortgage payments, often leaves very little money for day-to-day living inevitably leaving families caught in the ‘poverty trap’.
A survey was presented to the group to gain more knowledge on members thoughts on the Poverty Premium of which we had 331 responses.
Full report below
Poverty Premium Report