Question

Treasury written question – answered on 11th July 2022.

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Photo of Virginia Crosbie Virginia Crosbie Conservative, Ynys Môn

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.

Photo of Richard Fuller Richard Fuller The Economic Secretary to the Treasury

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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