A retired couple in their 60s are labeled mortgage prisoners as they confront a €1,200 annual repayment increase after their vulture fund raised the variable mortgage rate. This rise occurs amidst official European interest rate reductions, highlighting the widening gap between market rates and individual financial realities.
Despite three reductions in official European interest rates this year, vulture fund practices result in mortgage prisoners facing substantial increases in repayments that could severely impact their financial security.
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