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.
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.