‘I’m sitting on a timebomb’: legal action gives renewed hope to 200,000 mortgage prisoners
“I’m sitting on a timebomb,” says Betsy Balboni who has six weeks until her home is due to be repossessed.
Her mortgage has just come to an end and the private equity fund that bought the loan is now demanding £80 per day in fees while she comes up with a way to repay the outstanding balance.
She has been trapped in an interest-only deal charging far in excess of the market rate, unable to…
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