Apparently thousands of British borrowers had guns held to their heads when they signed on to mortgages that provided low or zero interest rates but promised the lenders the lion’s share of future increases in home value. The subsequent huge runup in housing prices in Great Britain made this a great deal for the banks, and some of the homeowners are now taking their retrospective buyers’ remorse to court in a group action. [Independent] Note the interesting use of the phrase “trapped in their homes and unable to move”, which appears from context to mean “free to move, but lacking the large accumulation of equity that they wish they had”.
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