'Mortgage prisoners' are locked in to home loans

First brought to the Publics attention in 2012,
Now it is hitting home, more so to working families aged 50+ who think they can easily sell up and move with their Present Mortgage.

http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/10987916/Rate-rise-to-3pc-in-2018-would-make-800000-borrowers-mortgage-prisoners-Resolution-Foundation.html

Rate rise to 3pc in 2018 would make 800,000 borrowers 'mortgage prisoners'
Report warns of a sharp rise in those tipped over the edge by rising rates and that 800,000 "highly geared" borrowers may become mortgage prisoners.
The report also estimates that around 800,000 "highly geared" borrowers may become mortgage prisoners as interest rates rise, because tighter lending conditions mean they have no option but to stay on their existing lender's standard variable rate (SVR).
This initiative would be similar to that involving home owners on interest-only mortgages who have been contacted by lenders amid fears that many do not have enough money put aside to pay back their loan when it ends.
Toughened mortgage lending rules came into force in April which mean that lenders have to question both home buyers and people looking to remortgage in more depth about their spending habits in order to work out whether they can afford their home loan.

The report, titled Hangover Cure:
dealing with the household debt overhang as interest rates rise, said that the FCA should require lenders to justify any increase to their SVR with specific reference to changes in their funding costs to prevent them taking advantage of their potential monopoly position over mortgage prisoners.