BRITAIN HAS 47,000 MORTGAGE PRISONERS TRAPPED ON HIGH RATES, THE FCA SAYS - BUT EXPERTS WARN TRUE FIGURE IS HIGHER AND INTEREST HIKE WOULD HIT THEM HARDEST

© Provided by This Is Money MailOnline logo There are 47,000 mortgage prisoners in Britain the Financial Conduct Authority estimates in a new review, but experts say the true figure could be double that.Mortgage prisoners are those trapped on a high interest rate and unable to remortgage.The FCA's Mortgage Prisoner Review found that 94 per cent of mortgage prisoners were on variable rate...

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