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The All-Party Parliamentary Group (APPG) on Mortgage Prisoners has published a call for evidence for its inquiry into mortgage prisoners.
 
The APPG is particularly interested in hearing from mortgage prisoners about their situation and what changes they would like to see introduced.

PURPOSE

.“To ensure that all mortgage prisoners are given a fair deal and fair treatment (including by any organisation to which their mortgage is or might be assigned) and explore the issues relating to the ability of customers to switch mortgages including affordability criteria and associated regulatory changes.”

 

WHO WE ARE

CO-CHAIRS

Seema Malhotra MP

Labour

Feltham & Heston

Lord John Sharkey

Liberal Democrat

OFFICERS
 
Rushanara Ali MP
Vice Chair
Charlie Elphicke MP
Vice Chair
Paul Sweeney MP
Vice Chair
Rt Hon Norman Lamb MP
Treasurer
Kevin Hollinrake MP
Vice Chair
Alison Thewliss MP
Vice Chair
Paul Masterson MP
Vice Chair
MEMBERS
  • Conor Burns MP (Con)

  • Jeremy Lefroy MP (Con)

  • Gordon Marsden MP (Lab)

  • Julie Cooper MP (Lab)

  • Conor McGinn MP (Lab)

  • Luke Pollard MP (Lab)

  • Virendra Sharma MP (Lab)

What is a Mortgage Prisoner?

A mortgage prisoner is someone unable to switch mortgage lender.

 

They are vulnerable and could be stuck with a lender which will exploit them by keeping them paying a high interest rate, not give them any new deals or fixed rates and not show them any flexibility.

There are up to 200,000 people who are currently mortgage prisoners.

 

Contact the APPG

On 6th November 2019 was dissolved pending the General Election on 12th December 2019, 

 

During this period All-Party Parliamentary Groups no longer exist and must not be active.

Once Parliament returns after the election the Group will be reconstitued.