UK government made £2.4bn from ‘mortgage prisoner’ loan sales, says Martin Lewis

Tens of thousands of borrowers had their loans sold on to providers at which they were unable to switch

The UK government made a £2.4bn “profit” when it pushed tens of thousands of mortgage borrowers “into poverty” after selling their loans on to new lenders, the campaigner Martin Lewis has claimed.

The MoneySavingExpert founder was speaking at the launch of a report, which he funded, into the plight of so-called “mortgage prisoners”: a group of borrowers caught up in the fallout from the 2007-08 financial crisis.