Business of the House

Martin Docherty-Hughes Excerpts

Thursday 15th June 2023 Commons Chamber

[Penny Mordaunt]

These facilities and services are vital to residents and businesses alike. I will ensure that those in the relevant Department know about the issue that the hon. Gentleman has raised, and will ask that officials get in touch with his office to see what they can do to help.

[Martin Docherty-Hughes (West Dunbartonshire) (SNP)]

This week I received an email from my constituent Chris, from Clydebank. Chris, like 25,000 other people in Scotland and many others across these islands, is what has come to be called a “mortgage prisoner”: someone who took out a mortgage with a lender that subsequently went bust, making it difficult to obtain a better deal elsewhere. Despite having owned his house for 20 years, Chris is no closer to paying off his mortgage, and despite his not missing any repayments, the principal rose by an additional £10,000 after his loan was then resold to a private equity company by the name of Heliodor in 2019. As Chris said this morning, on his terms of borrowing he would get a better deal from a loan shark than from Heliodor. May we have a debate in Government time—because this happened under the aegis of this Government—on the issue of mortgage prisoners?

[Penny Mordaunt]

I am very sorry to hear about the hon. Member’s constituency case. He is right that this situation affects a large number of people. He will know how to apply for a debate, and I would encourage him to do so, but I shall also ensure that the relevant Departments have heard the case that he has raised today.