Early day motion tabled by primary sponsor Martin Docherty-Hughes (Scottish National Party), on Monday, 5 February 2024, in the House of Commons. It is signed by 32 members in total.

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Mortgage prisoners

That this House notes the new campaign launched by the UK Mortgage Prisoners Action Group which calls for urgent and sweeping legislative reforms to mortgages to avert further homeowner crises and go some way to righting the current wrongs; understands that there are nearly 200,000 mortgage prisoners who are still suffering severe financial hardship due to decisions made by the Government and regulator in the course of bailing out the banks following the 2008 global financial crash; and believes urgent action must be taken to address the injustice that so many have suffered through no fault of their own and rather as a consequence of sales of mortgages to non lenders, repeated securitisation and regulatory changes further trapping many thousands of historic interest only customers.

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Secondary information

Type

Early day motion

Reference

362 

Session

2023-24

Other sponsors

Hywel Williams

Jonathan Edwards

Jim Shannon

Liz Saville Roberts

Ben Lake

Subjects

Mortgages

Link

View this Early day motion on edm.parliament.uk