Banco Santander calculates as many as 2M "mortgage prisoners" - reliant on low rates and unable...

|By:, SA News Editor

Banco Santander calculates as many as 2M "mortgage prisoners" - reliant on low rates and unable to move - in the U.K. These people were likely to have purchased their 1st home in the middle of the property bubble, now find themselves with little or negative equity, and can only hope mortgage rates never rise.