Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with representatives of the banking sector on interest rates for UK mortgage prisoners.

I met with members of the UK Mortgage Prisoners action group on 29 January 2020 to discuss the experiences of mortgage prisoners in the UK, and the action the Government and the FCA have taken to remove the regulatory barriers that previously prevented switching and Government support for borrowers in problem debt.

Decisions concerning the pricing of loans, including the level of interest charged, remain commercial decisions for lenders, and the Government does not seek to intervene in these decisions.