TTF is firmly of the view that the “mortgage prisoners” are being treated in a grotesquely unfair way. 

They are paying an enormous price for the government’s awful decision to sell their mortgages to organisations without carrying out sufficient checks on how they would be treated, thus failing to ensure they would continue to have access to fixed rates and new products. 

As a consequence, they are trapped in deals that are woefully disadvantageous.

We imagine that a great deal of money has been made by many people as a consequence of the mortgage book sales and we see no justification for the government’s failure to protect the interests of the completely innocent victims of financial exploitation by unscrupulous and exploitative firms.

This symposium will focus on  the devastating recent developments in relation to the interest rate hikes that have turned an already bad situation into a living nightmare for thousands of people.

We’ll also be learning about the latest campaign by UK Mortgage Prisoners Group alongside the APPG on Mortgage Prisoners to see amendments to the Financial Services & Markets Bill that would bring about the reforms that are desperately needed. 

Here’s some recent coverage about related issues:

• Mortgage prisoners call for ‘urgent answers’ from FCA on lack of alternative products
• Administrative Court Dismisses Judicial Review Challenge Of FOS “mortgage Prisoner” Decision