The founder of the MoneySavingExpert website is calling on the government to do more to help.
The government made £2.4bn by selling mortgages from collapsed lenders to investment firms, a report funded by Martin Lewis has suggested.
Samantha has been stuck with her mortgage since the 2008 financial crisis. She told the BBC her payments, which were £546 a month last year, are due to rise to £952 next month.Image source,Mr Lewis said: "This report lays out starkly that the state sold these borrowers into poverty, knowing it could cause them harm, and made billions doing it.
These are largely investment firms that are not regulated to offer new mortgages, which means people with loans can't get a cheaper rate through them. "I borrow money all the time off my mum," Samantha said. "I shouldn't have to be like this just for a mortgage." It said the government could offer free financial advice and loans to mortgage prisoners. As a fall-back option, it could guarantee loans from other mortgage lenders.
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