Mortgage Charter Debate

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Department: HM Treasury

Mortgage Charter

Helen Morgan Excerpts
Monday 26th June 2023

(10 months, 3 weeks ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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What I would say to the hon. Gentleman’s constituents is that we are taking the difficult decisions to deal with inflation in this country, as other countries are doing. We will do what it takes, because dealing with inflation is the only way in the long run that we can stop more families going through what is happening to the constituents he mentions.

Helen Morgan Portrait Helen Morgan (North Shropshire) (LD)
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I have constituents whose mortgages were with Northern Rock when it collapsed back in 2008. They have been moved against their will to inactive lenders that have not allowed them to remortgage on fixed rates. They are now, and will continue to be, trapped paying variable rates for a long time. Is there any help for mortgage prisoners in the measures that the Chancellor has announced today?

Jeremy Hunt Portrait Jeremy Hunt
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The hon. Lady raises a very fair point. I will write to her with some details of what we are thinking in that area.