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Hidden Voices: Growing Up as the Child of a Mortgage Prisoner

Project: Research

Description

A study commissioned by the Mortgage Prisoner Action Group

Layperson's description

This is one of many previous thematic reports on UK Mortgage Prisoners and the impact on them after paying crippling high interest rates for over a decade.

Key findings

Mortgage prisoners have paid for the iniquity of the banks after the global financial crash of 2008. While bankers were bailed out, mortgage holders were sold out and, ultimately, had their mortgage rates hiked and sold off to inactive vulture funds who are not regulated and do not pay tax in the UK. Many others have been exploited by active lenders too; however, this report shifts the lens onto the experiences of children and young people.
Short titleHidden Voices
StatusFinished
Effective start/end date1/08/2028/02/21