Mortgage prisoners  

Hundreds of advisers sign up to help mortgage prisoners

Research on mortgage prisoners published in January by the FCA showed around 250,000 people were in closed mortgage books, or had mortgages owned by firms that are not regulated by the FCA.

However, the regulator also found that around 170,000 of these borrowers were up-to-date with payments and would be eligible to switch under the FCA’s new affordability rules.

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chloe.cheung@ft.com

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