Mortgages: Interest Charges

(asked on 6th July 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what discussions he has had with the UK Mortgage Prisoners Support Group on the (a) depth and (b) severity of the situation people unable to move out of high interest loans are facing.


Answered by
Richard Fuller Portrait
Richard Fuller
Shadow Chief Secretary to the Treasury
This question was answered on 11th July 2022

Ministers last met with UK Mortgage Prisoners earlier this year and exchange regular correspondence with them.

The Government has worked with the Financial Conduct Authority (FCA) on interventions to help mortgage prisoners switch. Resources have also been put in place so that mortgage prisoners can understand their options better, including their ability to switch, and access guidance through MoneyHelper. These resources can be found online at: https://www.moneyhelper.org.uk/en/homes/buying-a-home/help-for-mortgage-prisoners.

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